For the property you looked at with a 9.7% cap rate, that means, if the property costs $100,000 to purchase, it will generate $9,700 of NOI.  

Hello all,My wife and I currently have 5 rental properties, and we would like to buy more, but we're very aware that our money will run out unless we generate more capital.

How many managers do you employ?

But how would you use the list to generate leads for potential sales with Owners.

It's collected by most employers on applications, it's collected by schools and it's noted on arrest records.Not sure why you're so freaked out...

In order to get a loan to do this (since I am self employed) we may need to go with a private lender as opposed to a conventional mortgage, so we would need a larger down payment.

What said agent acting as an agent and a undisclosed principal.. all those types of issue that can get a broker into hot water.So your probably right your broker given your experience  lack of generating revenue for the firm did not like the Risk = reward component of your hanging your license with him.

I currently own a rental property already in NC and looking to begin flipping so I can acquire more income generating properties in both VA and NC.

Look at the police records for the property as well as the local newspaper to see if there is any talk or rumors of local employers closing shop.

For some reason, our bank (1stBank) will not allow ACHs out to our owners (I think it has to do with my Employing Broker's credit?)...