Also you don't mention any down payment or closing costs (but I'm sure you had BOTH), knowing that would help us give you a better reading.I can tell you that a property manager is a HUGE (and often wasted) expense.

Often times realtors will get in with the banks and other asset companies throught BPOs.

Here's a site I often refer to http://www.thomas-law.com/

I am often amazed with the wealth of information that has been posted here at BiggerPockets.

Update: Over the last few days I have been using Google Finance quite often and I have to say that some of its features are very cool.

Bridge loans are most often used to avoid foreclosure and take advantage of time sensitive real estate opportunities.If you can find a really aggressive funder, it is possible to close in as little as 30-45 days for acquisitions (10-20 days for Bridge Loans).

I think I am gonna come often here.I have a question, I would like to know if some of you guys are investing in small towns or only in big cities and/or their suburbs.I found a nice building (15 units) in a town of around 24000 people.

I personally don't have any leads to be able to pass on to you - but we do work with Barbara Zaccagnini, a Greenwich Realtor, quite often who does have a lot of connections and leads if you want to talk with her.

Im a loan officer and deal witht hi quite often.

All of you should be aware of this even if you don't live in Illinois... because state officials will often copy legislation.Comments?