The unusual part was the bubble, and we're now returning to a more normal market.

Then, do your due diligence with an exit strategy to either bird dog, wholesale and/or partner with a more experienced investor in your area.

It's time to get back to business in a more traditional (and time tested way).

I guess I had assumed you knew that (most of us do), which is why I provided a more complex answer above.

I am sure one of the note buyers on here will chime in with a more reasoned answer but honest I do not think so.Note buyers "generally" buy performing notes - meaning you need someone in the home for X number of months making payments to show the note is performing.And your discount to a note buyer wouldn't be enough in my experience although I have never worked with the ones on this board

Now the Shah was certainly a more open minded leader than the Ayatollah, but you don't always need to be the dictator to facilitate a revolution.

Thanks for clearing that up for me Christian,So once I find a prospect, I use the 50% rule.....once the property passes this analysis, (walkthru) how/where do I get more detailed numbers in order to get a more accurate analysis?

From there, we could be in a more informed position to give you some sound advice and suggestions.What part of CA are you from?

‘Guru’ isn’t as commonly used and has more or less been bastardized by some unscrupulous marketers.In a perfect world I would say the difference between Gurus and Experts would be that Gurus aren’t only experts but they take the extra steps to take their systems, methods, and experience and form a course to instill the investor ability in others in a more comprehensive and organized fashion.It’s the nature of profit and opportunity that brings out the bad apples who taint the well and it makes it a little harder to separate the good gurus from pseudo-gurus so renowned experts have to market in different ways (if they know what’s good for them) to sidestep that image.

If you were to show a pattern of not renting to people because of the way they dress and that dress correlated to an ethnic group, you could be setting yourself up for a lawsuit.If for example you decided you didn’t want to rent to people who wore kilts, you might find yourself in trouble with Scotts.Granted how a person dresses will influence you, but you need a more concrete reason for not renting that their dress.