Not such an easy feat in this market and with a wife and two children who are used to a lot more space than the downgrade will give us!

It has been under developed and yet has easy access to Pittsburgh down 28.

I recently did a deal over there with a great spread, but it was not an easy find.  

The vision of a freshly updated home is so seductive, it's easy to forget that the project will most likely come with aggravating delays and unexpected issues.

Don't you trust your ability to find proper "deals" in the first place?

For the most part, people have been very helpful and it's easy to figure out who the posters are that align with your goals and visions. 

Its not easy...lol...

John has now increased his monthly earnings from his RE investments from $1200 (SFH1) to $1500 (SFH1 + SFH2 - LOAN).As long as John screens properly and installs the right sort of tenant, he will ride this to greater prosperity. 

Unfortunately it's not that easy, IRR is discount rate that makes the net present value (NPV) of all cash flows from your deal equal to zero.I would only use it in a situation where you are looking at two deals and all other factors are the same (which is almost never the case).Or if you are looking at deals with a IRR of 15% to 20% and you run across a deal that says they are estimating a 10% IRR then that's not going to work and you can eliminate it.

It makes our lenders happy to work with us again because we are making sure that the deal is easy for them to approve.