I think that it is a good mix of both of these and I am opening my self to the opportunity.Hope everyone is having a great week so far and continue to push yourself to limits that you have yet to see. 

I would make an offer based on how much your mortgage would be vs how much your monthly rent roll and operating expenses are.

I own and operate my own real estate porfolio, so I have sort of drunk my own Kool Aid =)  I enjoy real estate so much I am now considering expanding into other areas of investment, such as flips, and wholesaling.

Unless my understanding of NOI is incorrect.Isn't the Net Operating Income the income generated after expenses are deducted, meaning the cash the owner gets after paying the operating costs.

Continue educating yourself and TAKE ACTION!

I would persuade you to waive the dream house now and continue on your reinvestment path.  

She was a agent years ago in another state and it's likely that it'll be less work for her to renew(continuing ed credits) than for me to start from scratch.  

It took time to build this team but after many calls, many poor responses, many non call backs, many "we can't help you", I was able to find people that wanted to be a team and work with me.I have purchased $1000's in US real estate material, searched the internet for private money, invest time to increase my knowledge in US real estate, been on many webinars (still do) and continue to read and listen to real estate and motivational CDs.  

If you guys continue down that path, get everything in writing before you start, so that there isn't any "I thought we were going to do it this way..." issues that come up later.

I am new to BP and am starting my own real estate development business while I continue my full time architecture job (corporate, mostly retail; not residential).