Since I have nothing else to do on a Sunday [lie], I'll try to elaborate.Up in Cache County, we have two major subdivisions of townhouse style condos built in the 1980's and 1990's respectively with a scattering of smaller subdivisions and some major starts in the past 3 years.  

Respectfully,Jose Baeza

I think that in areas where there are many investors then the group has the potential to be more of an organic type of thing, free of rules which may dictate mixtures and types.On the flip side, in a small town environment, you probably are an added asset as long as you can bring anything relevant to the table, due to the size of the potential group.As far as mastermind is concerned..

A couple of members whose opinion I respect suggested that I get, Ray Alcorn's Dealmakers Guide to Commercial Real Estate. 

Short answer "Narcissistic Supply"Narcissistic supply is a concept introduced into psychoanalytic theory by Otto Fenichel in 1938, to describe a type of admiration, interpersonal support or sustenance drawn by an individual from his or her environment and essential to their self-esteem.[1]The term is typically used in a negative sense, describing a pathological or excessive need for attention or admiration from codependents, or such a need in the orally fixated, that does not take into account the feelings, opinions or preferences of other people.Keep in mind, narcissists need lots of money to keep up their facade.

Robert I respectfully disagree with your definition as would my buyers.

Sort of a catch 22 the banks themselves are creating, but it seems that this tight credit environment adds to a tightening inventory for those that can buy.

Make sure you have at least 1 investor friendly realtor, a title agent and/or real estate attorney, a list of contractors you can call, a list of wholesalers or rehabbers (depending on if you want to rehab and flip/hold or wholesale respectively), and an accountant that specializes in real estate. 

Make sure your environment is supporting what you're trying to get done - like Steven said, studying at home can be tough.

With respect to yield: Assume that any additional rent falls straight to the bottom line (eg that an increase in rent does not increase expenses)...