I'm wondering, how are other seasoned investors strategizing now that we may be cresting the top of the market?

I was the youngest guy at work and these older guys never stopped saying I was crazy, stupid, out of my mind Blah, Blah, Blah.

@Dustin Battas, instead of: "To meet the 50% rule I would need to get it much lower", what you probably mean is: because expenses (for any older property) are expected to be 50% of income (not including mortgage), I need my MORTGAGE to be much lower, which means yes, I need to get it much lower.

Then I was hooked bought a rental jointly with an older guy who was a realtor because the bust made him lose his construction company. 

I don't know about tenant/landlord laws in Connecticut, but you may want to take that into account too.The odds of your tenant fighting a small charge for the carpet--slim, but every dealing you have with a tenant builds a public image of you (not to mention speaks to your character).If the carpet is only a year old, then I, personally, would charge them replacement cost... any older than that, and it would be a depreciated replacement cost.The fact that you were going to replace the carpet (though it may speak to the carpets age) wouldn't directly have any influence in my decision to dock the security deposit.

I have a few questions just feel free to answer the ones applicable to you or all of them :)My question for all of you seasoned or not investors...Since the existence of BP do you believe you will not need to be trained by a "guru"?

Hi everyone, do any of the seasoned commercial investors out there have some recommendations regarding websites (or other tools for that matter) to evaluate commercial properties for things like cap rates, price/sq ft., etc. other than Loopnet, CoStar or the MLS?

I believe that cap rates are important and cash flow is king.My thought is that constructing a new multifamily property will be more attractive to renters rather than offering an existing 'older' unit.

Here's what the code says.. http://iga.in.gov/static-documents/a/9/9/5/a9952b9...Broker's License(Salesperson License): Statute: IC 25-34.1-3-4.1You have to be 18 or older and no convictions(See link above)Have a High School Diploma or GEDComplete approved broker course(salesperson)Pay the feePass the testSubmit license with who your sponsoring managing broker will be.Managing Broker License: Statute IC 25-34.1-4-0.5Hold a Broker's license for 2 yearstake and pass at least 24 hours of broker management courses approved by the commission.

Are you new to real estate or an experienced, seasoned investor or agent?