Hi All,Looking for recommendations on your favorite book or resource that has helped you out when talking with sellers?

If you're targeting cashflow, as I am, you might consider small apartments or 4 plexes in the midwest and south where ROI is better.

I'm a resource that other landlords can call upon when they seek specific landlording information or find themselves in a sticky situation regarding property management and/or tenants.

Or should I shoot for someone near the target sub market?

If there's any resource (books, videos, articles) you recommend other than BP, I would be interested to hear it.Amit, both.

They compiled income and expenses data from Multifamily owners every quarter to create a resource for underwriting potential Multifamily transactions and to keep owners in tune with the current market.

My journey to BP actually began last October, when I was trying to find information and resources about REI but I didn't sign-up or anything because I was busy working on my professional massage therapy license and starting a new job in admin.

For example, 100k house you need to buy for 70k all in, which means that you need to get that house for 70k - Rehab cost (get to know a good contract with a middle of the road price point so that you are not telling people you can do a whole house for 5 grand) and then subtract the fee that you want to make on the house and that should be the target.

This way your equity even is giving you a return.Once your portfolio reaches critical mass, or you hit your target numbers or cash flow you can transition over to paying down debt to prepare for the final distribution phase.However, people need to retire at some point this is called your distribution phase, so when that time comes be sure the properties are paid off by that time to maximize cash flow in retirement.A great book on this topic and more is Gary Keller's  The Millionaire Real Estate Investor. 

Did you pick your targets by driving for dollars and then looking them up online?