The lessons that I learned the most, were to be firm with your rules, and definitely follow tenant screening, and don't take crap from contractors.

Real Estate prices typically follow 1 -2 years behind oil and gas activity, so hopefully we'll see prices climbing again in a year or two.Our plan is to pick up as many cashflowing properties as we can while the market is down and soft, then re-fi when it improves and recycle the capital into more projects or possibly down into the states on larger deals.

Followed those up with some motivational/self help reads that aren’t focused on REI and now I’m onto more real estate specific like Long Distance REI and The Book on Rental Property Investing.

@Marcel Pean following keenly as I'm in the same area.

@Kevin McAnally In addition to the meetup that Michael mentioned (we have a meeting coming up on the 19th, check out events section) feel free to check out the following event on meetup.com scheduled for September 25th “Quad Cities REIMG - Welcomes Kevin Schoonmaker with Bank Orion!”.

You had a ton of former home owners becoming renters, and that pushed up the demand for rentals almoat everywhere.I tend to get strong rent growth in general as I specifically target locations with strong rent growth.I have however had rents go down in my far far outlying properties from DC.

There was some push back from the appraiser, who wanted to disagree with the Head of Planning and Zoning about plats and zoning issues.

Now from what I remember the equation goes as follows, Cash Flow / (1+ Discount Rate) ^ Time.

After I made reference about missing rent, they then reached out to the tenant for the rent plus late fees.They did not begin the eviction process immediately because the tenant that they would bring the rent plus late fees the following week.

Thanks @David CruiceA follow-up question when partnering with a developer is, what are reasonable terms?