Cap rates are only usefull for property types where you can get reliable cap rate comps.  99% of small residential owners don't keep records accurate enough to be comparable and they would also not compute consistently the same way to have valid meaning.

If it was because of another reason, maybe it makes sense to test the area for 6 months or so and see for your self, this way you will know.

He has a good support system in place including monthly counseling sessions with drug testing.

We have just a couple down there to test things out to see how we like doing the out of state investing thing. 

Hi my names Eran and i live in brooklyn. what i do is find destressed, rehabbed or houses that are in the process of foreclosure and buy the deeds. my main problem is actually locating and getting intouch with the current owners. im subscribed to 2 people finding websites, beenverified and intelius (which are good but dont really locate most people accurately). my question is does anyone know of a different or maybe better way of finding and getting intouch with these property owners.thanks!

Hi my names Eran and i live in brooklyn. what i do is find destressed, rehabbed or houses that are in the process of foreclosure and buy the deeds. my main problem is actually locating and getting intouch with the current owners. im subscribed to 2 people finding websites, beenverified and intelius (which are good but dont really locate most people accurately).my question is does anyone know of a different or maybe better way of finding and getting intouch with these property owners.thanks!

That would give you more flexibility, but you would have to pay all of the loan costs before even getting into the rehab.It might be worth testing the market as is.

The question of real estate financing was brought up almost immediately after the Act and it didn't meet the test.

- ive done many FSBO's buying and selling. if you are competent enough to accurately price your home and handle the negotiations, you will ask yourself why you have ever paid the big money % to a realtor afterwards. most people dont know this but when it comes to the actual transaction, this is all done by a title company. a realtor is there to basically to help find the buyer/seller and act as a middle man instead of the buyer and seller negotiating directly with each other (the method i prefer).call a title company and just talk to them, you would probably be amazed at what all they do and how little it actually costs to transact real estate

So, about the only con I see is the course work and open book tests you have to suffer through.