I am a member of the Madison REIA, and have definitely learned more there in a few short sessions than anywhere else, in addition to meeting a ton of great people to work with.

Look at a lot of houses and work out your analysis.

This allowed me to see if it's something that would work out long distance while we are still here.

I can sleep better tonight knowing this one didn't work out!!

What is the cap rate work out to be on your 300?

Like that session at the craps table, your actual experience for one property for one year can vary widely.

They were only doing it as they work out of town and wanted to cover their rents, but told me to do it as we're in the same line of work and my place has been empty for the past 3 months.

I also used 12% for property management because, although they may charge 10%, they charge fees when a unit is rented out, so it will probably work out more toward 12%.

The thing that helped me buy a higher volume was starting out buying houses that would work well as rentals as well, then I would always tell myself that if something ever didn't work out then I would still have the rentals I had originally set out to acquire!

I spent alot of time training her up and she was paid hourly while having flexibilty to do as many hours she want.I now need to take on someone who is passionate in property to run the in house property management company this can free up my time to focus on development.Does this arrangement seem like it will work out?