We’re taking the stand cap ex items into account, including the main sewer line.What are your thoughts on purchasing a property this old, and is there anything I should watch out for while I hold it?

Median Price: $570,000; +9.62% Yoy;Closed Sales: 2,209; -1.30% Yoy;Inventory: 3,518; - 6.56% Yoy;New Listings: 2,589; +0.70 Yoy;New Listings 12 Month Average: 3,747; -19.98% Yoy;Month Supply; 1.1 months, +10.00 Yoy;Cumulative Days on Market: 38; -6.50% Yoy

I have yet to analyze it from a cash flow perspective. http://mattiasclymer.funkhousergroup.com/listing/5... 

After you do all that, take your list and go to 1-2-3 auctions, see what happens.You also have to think about ...could you really go to the next auction with $100K in cash and pick up $5,000,000 worth of property.   

I have a list of 3 main hedge funds I can sell to with another 380 hedge funds as my back up.  

Got on the distribution list from a few local wholesaling companies... 

@Jack Wang I think you covered almost everything on that list you mentioned. 

Most times I spotted an interesting opportunity while driving, it was often listed in my market anyway.

for example if I have a property rented for $2000 a month and I charge 1 month rent as a turnover commission and 10% of each monthly rentals as a management fee I would send my owner a 1099 for the full $24,000 and they would just line items the turnover commission and monthly management fee as an expense on their schedule E , correct? 

You will never find this kind of book on the best seller's list because the majority of people have not been in school for years if not decades, therefore, the math is going to be challenging even though it doesn't go beyond 7th Grade Math.I also gave examples of how to work out the IRR in this Posting: Understanding IRR Calculations in Frank Gallinelli's bookIf you can get past the first 3 chapters, you will get a great understanding of the IRR.There continues to be others that are posting in this very thread that really need to read that book and try to work out the example that was given in the Posting Thread I linked.When someone starts talking to me about Investing, I usually ask them a question to see if I should walk away from the conversation.It normally goes like this:Hey, a friend of mine put in $1k into an Investment 10 years ago.