:D There's kinda cashflow and then there's cashflow (Just like mostly dead and all dead).I will say this - if a person can start from the 1% perspective, they will very quickly eliminate a lot of shark realtors and developers and will actually start to find an area where cashflow in excess of the 1% is possible.

I am new to this stuff but have an opportunity to buy brand new properties at a new development called Shadow Creek.

This week I showed a really nice, large apartment to prospective tenants.

Plus there has been much development in that area and it borders w/ lower kensington & Northern Liberties which are all areas that are booming right now.

My reasoning behind this is, I am developing less than 1-2 acres of land.

I was thinking of writing down a guideline with a series of checklists to have to help make the decision to purchase or not, what to do after the purchase, plans for marketing for rental or sale, etc...Here is my brief list:Pre purchase-Finding a property-Evaluating repairs-Evaluating market value-Evaluating prospective profit-Evaluate best way to financePost purchase-Immediate repairs (needed for habitation)-Long term repairs/upgradesWhat else???

Now you have to do very well to recover...and the muscles you develop from running with anchors on your heels will only serve you to perform GREATLY once the anchors are gone.

The law has the effect of raising the HOA dues when the projects are first sold as the developer can not set a low level and ignore future work.See if there are any state regulations that define what an HOA needs to do.

With builders and developers offering all sorts of incentives like Paid Closing Cost, New Appliance Packages, HOA Fees Paid for 1 to 2 yrs, Mortgage Paid for 1 to 2 yrs... it's very easy to see why properties are staying on the market for longer times.

It is a quick answer, and I do get the idea, but I was wondering if any of the experienced people here could give an example of the kind of conversation they might have with someone in a particular situation.In my line of work I have to qualify people and I have a few questions I ask that will tell me whether or not I should be spending time talking to a prospect.