I've been able to expand my original buy/hold rental business model into multiple avenues from conversations with other experts on here.You'll have fun here!

Conversely, imagine if, under the same circumstances, rates were 12%.

From what my friend has said through conversations with her sister they want me to handle every aspect of this until it is time to buy.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

5 properties is pretty ambitious, but if you can do it more power to you.  

Here in South Carolina, before having a "meaningful conversation" about real estate with a prospective client, agents are required to first.....Hand out a copy of the SC Agency Disclosure Brochure Discuss the various "forms of agency" offered to customers and clients.Failure to do so can potentially land the agent and agency in hot water due to an Ethics violation. 

If you don't think through the currency conversion, it can be a very expensive omission!

Calling them up and having a conversation about your expectations will yield a great deal of information.  

This home has a open permit case for a conversion.

I love coffee and conversation!