Good evening BP,@Michael Quarles @Robert LairdI got a bunch of calls and website leads today from people saying they just received my postcards.

She has not received any of the direct mail that I would expect if she had received and NED. 

It's important, especially with a property manager, to go over all the details (big and small) and type of service and fees you will be receiving prior to signing any agreement with them.  

I received some comps for the area and calculated the average CAP rate to be 8.2%. 

But I just received first lease renewal and it has my name as lessor, which prompted this discussion.

I would like to start buying some more, I have received some off market offers to buy properties close to 4 and 5%, one in particular I can estimate at all in costs of $120,000 bringing in almost $5000 a month gross. 

The real estate owned he did receive a nice tax deduction however he did have to spend money on the costs associated with being a homeowner and land lord but over all made a return of 7% plus.

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Do I understand that you are receiving a loan from your mom for an investment or is she an active investor that you are partnering up with or is she co-signing?

Any actions or advice you can suggest will be received by humble ears.