Here is a great blog post Brandon Turner wrote describing cash on cash return and the pros and cons of using it.  

In a prior discussion, a number of BP members recommended that I start with a FHA loan. I plan to purchase a duplex or quad in the coming year, and originally thought to save 20% for a down payment. But a good deal of...

I'm trying to decide if it would be a good idea or bad idea to sell my house, use the equity and my savings to put down a good down payment on a rental, and then rent for a little while until I build up savings again....

Group http://mig.clubexpress.com/From there, you'll see that there are many different ways to get started, you'll learn the pros and cons of each, figure out where you're most comfortable, probably meet a bunch of really smart people, make a couple friends, and grow from there.  

There are the pros and cons of both.

So it is done all the time by the pros as well.

I think you'll find there are pros and cons for an LLC.

What are the pros and cons of buying a turnkey property as my first investment property?

So to you REI pros out there, what are some great websites or resources I should be aware of?

Who are the alternatives and what are the pros and cons of the alternatives?