Cap Rate = NOI divided by the Value.I believe that cap rates are absolutely useless.

Absolutely.

Even so, by constant and protracted thinking on Atman alone you can become absolutely fearless.2.)

I'm pretty sure I've heard Ed Wallace talk about this subject so I'll look for some inforation from him.If it's anything as ABSOLUTELY BAD as is ETHANOL I'll be darned sure to stay away from it.all cash

I've heard that research is absolutely vital in the process, so I certainly plan on taking my time to make sure that the lien I purchase is worth it.

Add on the extra $40 and expenses go from $175 up to $215 or about 60%.If you consider the cash-on-cash return based on your cash flow vs. the cash you have invested, then you certainly would expect to get a lower absolute return with a lower priced unit.

There is absolutely no aspect of being in any lending business that is not regulated by governments, none!

I COULD handle getting some SMALL loans and absolutely slam the market with ads for my reglazing company, but I am too scared to risk the debt if it fails to generate enough work to cover itself.

That is absolutely wrong.

With the repairs of $18k, that leaves you with absolutely nothing for profit.