Last word, I've got a ton of work and dough to make today...Speaking of 60 minutes, anyone see it 10/5?

Other potential issues:I seldom find properties with only $1,000 rehab needed,I budget $125 to $166 for maintenance and capital reserves,I usually have to pay management 10% of rent + one months rent to find new tenants.In other words I would budget higher expenses resulting in even a lower cap rate.Good Luck.Bill

Thanks for the encouraging words Dev!

I just use a Word doc with pre-typed in questions, that I type the answers to as I talk to them.

Her last words to the class were, if your not going to sign up, your going to waste your time out there and not be able to do anything so you might as well stick to your day job!!!

Setup key word alerts for meetups in your area.  

Finally got word back from my plumber.Option #1: $900 repair, replace several boiler internals (Expected to 'solve problem' for three years).Option #2: $2000 replacement, just hit that reset (warrantied)I'm leaning toward option #1, not simply because it's cheaper, but because it puts me on the clock to replace the boiler with something else (cough cough furnace).  

Thank you all for your warm introductions and words of encouragement!

Depending on how the ROFR is worded, the seller may be required to first negotiate a specific deal with a third-party buyer and then freeze that transaction momentarily while the holder of the ROFR is given a chance, for a limited time, to buy the property at the same price and terms.

In other words, spend a few days on this site reading all you can and I'd bet along with buying J's Book you'll learn a lot more about RE investing than you can learn from any guru, whether they want $1,200 or $25K!