They park their money in real estate but they did not create their money in real estate.

Sad, of course, for those of us trying to create Class A assets, but you can't argue with supply and demand--it's simply reality.

If you want them to create their own distressed sellers list than the price goes up more.Currently I’m doing my own yellow letters with a cost around .65 cents a mailer.

Goal is to create a list of around 100 addresses and send every 3 weeks. - Spent more 1-on-1 with my daughters as well my wife.Second, where I fell short:- I did not spend enough time on my tax documents and have not turned them in yet to my accountant (making that a priority now).- I only sent 15 letters, wanted to send at least 30.

Depends on how many investors you have and what type of entity you want to create. 

This has created opportunities for technology based companies like Trulia, Zillow, Realtors, Homes etc. to merge all systems in one data base to get people to use them while selling advertisements to generate revenue.  

LOLThank you BP for creating this amazing and wonderful resource.

Wouldn't the K-1 be based exclusively with my investment in the property itself and thus would be created by the GP completely independently?

Just go to Property Data Store and select State & County and/or Create a new account.Have fun...

I can't see the reason to go else where to make 1% or 2% greater return.. you would eat that up in travel costs alone.But anyway.. in my mind we are getting to a balance market.. and your correct rents are not keeping up with costs.. so will be interesting to see how it all shakes out in the years to come.I remember when I started in the business if you put 20% down or 25% down and the tenant just paid off your house  forget about cash flow that was a huge win..and why not.. its a forced savings safe investment tax benefits.. etc.. then it became you have to make money on your down payment this is what created that run..Maybe we will step back in time and break even will be great..