I'm no novice or "rookie" as you guys implied.

Market was at the time an all time high, and I had the feeling the 2016-2020 years would not be smooth sailing for reasons I'll leave implied if you know what I mean. 

Hmmm....the statement in the article now seems confusing since the quote is implying higher yield will cause higher cap rates when it is actually higher cap rates that will cause higher yield.

I am their guest trainer for a one day workshop on Saturday January 12th.

That said, Dyches Boddiford is an old-school Atlanta-based investor and real estate trainer with impeccable paperwork.

OK, well to define "broker" we must backtrack to the legal definition found in FL 475.01 (a) “'Broker' means a person who, for another, and for a compensation or valuable consideration directly or indirectly paid or promised, expressly or impliedly, or with an intent to collect or receive a compensation or valuable consideration therefor," followed by lots of lines describing different types of real estate transactions.

Your point 1 and 2 above are interesting in that what you just stated is the opposite of what your original email implied.  

This would imply that any terms and conditions of the existing leases and TAW agreements are in place after the sale until a new rental agreement is signed (or the tenant moves out).Is this correct?

Implies a 3% interest rate.Month 50 payment 50, balance is $5k, interest due is $25.

This implies that a newbie's biggest contribution is finding a deal.