But in that year, how would the interest only standardly be calculated. 

Perhaps as I progress my standards will raise.

Then go to a few local RE meetings and get some feedback from other investors in your area.Good luck in your RE journey! 

Either their standards are much lower than mine or we are driving in 2 completely different types of areas.Usually, when I am out looking, I'll find two addresses in an hour that fit the bill of a distressed home and, if I'm lucky, one of them will pass the eyeball test when I am putting them through the appraiser's website.What am I doing wrong?      

I send thousands of letters each month, and the source I use for data is a division of first American Title called Core Logic (or RealQuest).There are obviously many ways to get data, but in my years in this business I have found that Core Logic really is the industry standard for real estate mailer data for all types of real estate.The first thing I like about Core Logic is that the data is usually amazingly fresh, and they even tell you how old it is before pulling it.

The best comps are those that meet these criteria:Sold within the last 6months.Within the same neighborhood.

Just call her and see if she can meet your needs....

Maybe we can meet and chat about investing when you get here!

Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!

I was wondering if there are any groups or meeting's happening later this week.