Thus, email is my primary form of communication - fast, easy, and time-stamped and dated.

Everybody is professional, fast, and happy to fund.

You screen out the duds and then take only the best qualified and leave the marginal to bad tenants at the other complexes.Then after you have filled up fast in years 2 and 3 you increase rents closer to market rates slowly.What year was the property built??

Thanks for the fast replies!

The standard of living in this country would deteriorate and deteriorate fast.

Hey Patrick, welcome to BP.This is a great place to learn a ton of stuff and to meet great people from all around.Read all the article and listen to the podcasts and you will learn a lot fast.

Speak with a couple others who specialize in Section 8 - if they've been at it for a while, they can save you butt if the tenants tank....if they do, you're paltry 9% return will turn to a negative really fast.

Not all markets grow, both in rents and appreciation, as fast as CA but that doesn't mean they don't grow at all.

Yeah I just can't bring myself to buy a new car.The car insurance,car payment,depreciation just makes new car one of the worst investments ever.Some of my friends say "But I have to have a brand new car so I have reliable transportation to get to work".It's a cop out and there are plenty of cars not brand new that will work.People want to justify making bad decisions.I am a car guy myself and my first business was a car audio shop so I can fix most of the stuff myself.My brother also owns a used car dealership and can get me awesome cars at the private auction for cheap.What I care about is the mechanicals.The paint and interior is cheap to redo.I look in the paper sometimes at new cars and can't believe the prices they are asking.If you bought a new car it's like someone beating you up and taking thousands of dollars once you drive off the lot.If you want a newer car you look for the sweet spot of under 50k miles that is 2 to 4 years old.Those vehicles have depreciated hard but still have a lot of miles on them to go and you can still get good financing.Those vehicles go fast so you have to be ready to act.I have always wanted a Ferrari but I think it would be cheaper sometime just to rent one for a few days and get it out of my system for awhile.

Sounds like your getting a warm welcome....your intro thread seems to be growing rather fast.