Lastly, I came onto BiggerPockets through a friend who is a member of BP and also through initially listening to the BP podcast.P.S.

I've always held title in an LLC name, the main reason being limiting my liability in the event that a tenant or someone else initiates a lawsuit or other action as a result of something that occurred on the property (nothing to do with financing- as you note the bank has the overriding claim).  

In other words, there is no new supply in these lower price segements and demand keeps pushing up prices.The current trajectory will not last forever; the question is what will initiate a turn and how will that look like?

HIRelatively new here. just signed the first property that I will wholesale. I got a letter to send to buyers here on this site, I got a list of cash buyers off the MLS. Now I am putting together a flyer to include wi...

I much prefer a lower cap rate in California knowing there is a high likelihood of long term rent growth and capital appreciation vs. concerning myself with a higher initial cap rate in the midwest but on an asset where rent grow is small and an asset that is deteriorating. 

Here is a little more background info for everyone to double check my initial repair and expense numbers that I used so I can be more knowledgeable going forward The house is a 3/1 built in 1955 with 1100 sqft and it would be in a C neighborhood.

Now, I'm unsure about my initial research, because I don't know why so many units were missing.Also, all the units available to rent seems to be incredibly hit or miss.

Now if I just work off my desired profit of $20k and factor all cost in I can go up to $95k which is what I’ve offered after my low ball initial offer was rejected.

We do not charge any “pet rent” beyond this initial fee.

The value of the home now is about $155,000.My total payment is $930/month and it generates $1,050 income every month.