As for the original thread:Rich dad, poor dad - obviouslyMillionaire next door - Just living humbly and simply, contrary to what marketing makes you believe.

Hi There,I am looking to get my foot in the door at a real estate development firm, reif, ect.

Buying a program from one of the clowns who: "show up to the property 5 minutes before bid time, speculate as to whether there is a pool in the back yard (because they can't hop the fence, or look on google maps), hope the lot next door is included, pay $220k for a house because they can maybe make $12K, etc. etc."

You will quickly see the type of prospective tenant that will knocking on your door.

About 15 minutes later, as I was walking into the garage again, the thing moved and I REALLY jumped.Left the garage door open and the thing finally got down and left.

Cashflow looks to be about $100/door/month to me.

Here are the particulars:Purchase Price: $69,900Gross Monthly Rent: $1050Monthly PITI (20% down at 5.5% 30 yr fixed): $590Estimated COC: 28%Estimated Cash Flow Per Door: $175The GRM wasn't overly impressive.

I don't have any bad experiences, but I did make minor mistakes with my leases, which I immediately adjusted for the following property.As long as you know your market, in regards to rental rates, and if you're acquiring your properties at $15k per door and can get $500 per unit, then it does look like a great opportunity.

At the very least, I kept the door open for the guy in the future, I pointed him in the right direction on solving his problems, and I did some research on the development which was something new I've learned more about.Thanks for all the help!

This was on a busy street and a traffic light was installed at this time, with the light being about 15 feet from the front door, not an ideal environment for a rental.