Derek,For a property with high growth potential (5th/park/madison quality), expect GRM in the 20's.For a normal property?

Go build a buyers list of rehabbers ,landlords and other investors that would be willing to buy good quality junkers from you and pay you 1k if the deal meets there requirements.

I also believe it would take longer to sell than a similar product in the middle of the community so that would increase your costs even more.

Pricing varies for the product and labor throughout the country.

In a depression the GDP falls, it is the slowing of the consumption function or products and services being consumed less than an economy in balance.

:D I know it will take time and a lot of hard work, but it would be totally worth it to design the quality of my life.The reason that I have joined BP (instead of more lurking) is that I am looking for an opportunity to work for free 20 hrs/wk under an active and successful wholesaler to learn the business from the inside out.

Probably the least productive activity is having to weed out the pretenders from the real players.I typically do this with having anyone I work with show bank statements and to verify that when they say they have 400,000, 1 million, or whatever to work with that they actually do in fact have that.You would not believe the number of people out there that pretend to be working with capital or overpromise themselves.

(Heck, throw in marketing and management courses and you've got the functional parts of most business administration degrees.)It always drives me nuts when I see people spend thousands and thousands on expensive real estate 'courses' or 'mentors' when that money could have been spent a lot more productively learning some basic business principles at a local college.

I now have employees that do it but if someone (before) were to find them for me I'd gladly pay them a commission of sorts -- depending on the quality of the deal.

The appraisal institute courses are usually high quality but also a pretty expensive.I am reading Marty Boardman's book about flipping houses and it is an excellent overview of the process.