Again, other investors may set different goals... for instance, someone who has been in the game a while and gotten really good at finding amazing deals and managing their portfolio super efficiently might not accept lower than a 15 to 20% CoC Return.When it comes to some of the "rules of thumb" like the 1% rule and the 50% expense rule, these are really more quick analysis tricks to help you understand whether a property is worth looking into further... not final criteria for whether or not you should buy.

In Wichita that would be true - 60k houses are far and few between in Goddard, Andover or Maize schools (generally the more highly sought schools in the Wichita metro) - there will be a house here and there that could be bought in those places close to $60k but they'd be pretty crappy and anyone that could afford to live in the Maize/Goddard/Andover School district will likely choose a nicer home).That being said I believe she was talking about putting $50-60k down and earning a 10% return - she can do that pretty easy - but there are plenty of neighborhoods besides west wichita to make that happen.

Is this true even though my credit score is 730 or so, have 20k in the bank and just bought a SF home 6 months ago?

@Grant Rothenburger That is true and is something I may pursue in a future deal, for now though having more lots wouldn’t give me any more equity in the properties and I don’t have the capital to do something like getting utilities put on all the lots and renting them out, so I would keep it in one piece. 

Don't get me wrong, it gets you in the game, but this would be a lot of money tied up until you refinance and even so, it's not a very good ROI. 

@Ali Kassam Thats true, just remember  to look at rejection  like baseball.

A true NNN lease runs at least 30 years, and with it, you can treat it like real estate where you can get a mortgage on it.2.

I think of it like  trading paper stocks game. 

Maybe laziness is a poor choice of words, the industry is more of a marketing game than a true service business.

As for speakers (I do speaking myself), you are limited on time and need to give highlighted deal examples as people there don't really want to hear the true life of a note investor (spending the day acting like a administrative assistant).