BTW, the 2% rule is a good concept and a safe way to evaluate a property but not a law.

Good wholesalers lay the groundwork for those investors, seasoned or otherwise, who benefit from full-time legwork and proficiency in locating, researching, evaluating and, most importantly, securing prospective investment property.

What can a guru teach me that I can't learn by reading books, joining up with local investors, evaluating my local market, and browsing the forums on BP?

This is where the employee evaluation spoken of comes into play because you KNOW your empolyee and how they respond to things by the way they respond to you in the evaluation discussion.

You need to evaluate the deals carefully.

I am currently a stock market investor and want to evaluate investing in real estate.

Here's my situation and whether or not I include it in my evaluation.

No.If you are risking your life by getting in a dogs "personal space" as one poster put it...then you should probably re-evaluate your choice to own the pet.Also, if a yorkie attacks a child it may leave a scar, when a pit attacks it can easily mean death.

I'm not sure how to reliably evaluate these as rentals.

Paying down the loan is economically equivalent to investing at 6%, making it (obviously) the inferior choice in this particular fact set.Without a doubt, you MUST also evaluate other factors.