I actually heard about the the Dinner with a Mentor meet up through Rod Khleif's podcast. 

Run actual comps to get a starting point for ARV and go from there.

@Dion DePaoli  f IRS redeems  then I think they have to make you whole plus statuary interest which I was thinking was 9%... but any improvements you do to the home past any that are for health and safety of the home would not be reimbursed.I have bought quite a few at the court house steps over the years with IRS liens I liked them actually because 99% of bidders won't bid on them because they cant backfill right away with their LOC or HML... this lead to some pretty spectacular deals in the day. 

There is such a simple answer (or 3 or 4 actually) but I'm not in the habit of giving advice to people that are disingenuous and not willing to be ethical in their dealings with others.  

That being said, you'd sure better trust that they actually pay.If you're talking about contracting w/parties and wholesaling; In WV, my understanding of the laws is that all transactions concerning an interest in real estate must go through a licensee and a closing attorney. http://www.wvrec.org/Law.pdf

I actually do like the MLS in some areas for the intermediate size properties (i.e. 6-12) but, at least in my market, anything smaller is not likely to be a deal.  

you need to ask yourself if you want to actually be a landlord, have you done it before on this scale?

You'll get ACTUAL hands on experience in buying a home, rehabbing it and everything that goes along with it.

Originally posted by @Paolo Nascimbeni:In a NNN lease the tenant pays also for property taxes.Also 750,000 * 0.04 = $30,000  if you consider  the interest only  cost of the loan Great point - thank you.So keeping the cost just to Interest - its 3% a year. [1MM x 0.75 (loan amount) x 0.04 (Interest Rate) = 1MM x 0.03 ]So you see - it seems fair to say - the Net Cap Rate is 5-3 = 2%.Counting on the down payment - its 4 times - 8% rate of return on actual 250K that investor puts in.Does that sound about right?

I'm actually going to an investor meeting in the Northeast 2mrw night.