This was a warning in a course I studied several years ago and I always thought it worth remembering.

I'm a 21 year old student studying electrical engineering at MIT.

I am right now doing a research studying the residential real estate market, and need some data.

I am studying for my license now.

You yourself posted a study of over 1,000,000 apartment units that showed EXPENSES equaled 50% of the SCHEDULED MARKET INCOME (not the ACTUAL INCOME).

When in college I studied about the governmental takeover of the free market in the 1930s it became very clear why the program was never able to bring us out of the depression.

He studied what made companies great in those books....both good reads.

Read through the flip/rehab and rental forums on Bigger Pockets, check out J Scotts flipping blog, go to your local library and rent material to study. #4.

LOL, he should have studied the prospectus more instead of riding that horse around in that establishment, which we all know is frowned upon.

I am new to investing but have been studying the local market quite a bit lately, and Nick can correct me if I am wrong but in the “low income side of town†you will find many properties around that price.