I have spent a few months reading the articles and posts here at BP.

RealtyTrac just published a great article today, "Top 25 Hipster Zips for Returns on Rental Properties".

Good news is they add in any paperlosses like depreciation and any 1 time expenses such as a new roof, new kitchen, etc you can prove with organized receipts.Schedule E Calculation:Non-Subject Property:AddLine 3Line 12Line 18MinusLine 20Divide by 12 - mortgage payment = net incomeSubject Property:AddLine 3Line 9Line 12Line 16Line 18MinusLine 20Divide by 12 - PITI = net incomeIf you've had the property on 2 years of returns and the income is increasing they will average the 2 years if the income is decreasing they will use the most recent.

I'm often in Boston so it would be interesting to check out some of their REI events.Definitely get out there and attend some meetings.Few things you can do will ultimately give you a better return for the time than going to these networking events.Be active here on the forums to build up relationships with people and read the articles on BP to learn more about different aspects of real estate.

Ver exciting to hear such wonderful news!!

This was a good article I read today out of the Austin Statesman.

Alan I would google Ray Alcorn's article on performing due diligence on commercial properties (applies to residential as well) and investigate this deal (and all others) thoroughly.

I just stood there stunned looking out the window listening to the news.

I’ve joined a while ago and have browsed for a while, reading articles and the free beginners guide offered here.

I am sure you have seen it on the news, but I live in the middle of Illinois where a major tornado destroy several hundred houses.