If you are buying a five-family from a wholesaler, comps aren't going to be as relevant as you think.

. $6300 seems like an expensive lesson in finding out a investment niche you don't want to ultimately follow.Why don't you put a pause on the coaching, check out books from the library that are relevant to your investment interests, then re-consider whether to continue the program after reading these books if you want more help.

Honestly it's rarely relevant in my market because it's "lesser of" that cap or all closing costs, meaning that with my local high purchase prices, "all closing costs" is effectively the cap and not the %.I look that up as needed on a one-off basis for smaller purchase prices that cross my desk from time to time instead of having it memorized. 

I'd encourage you to update yourself on the relevant blogs and podcasts and read through beginner guides on here.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

So when something comes up in that area you spot it quickly and already know most of the relevant info, and can act quickly if desired.Also good notes re: out of state landlords registering.

Im gonna have 20k-35k in renovations on pretty much every house i work with so this is very relevant to what i need to know before i move back to OH.

Maybe have a poster of the month awarded to the poster who gave the most relevant or detailed answers for the last month....I'm sure there is a way to not make it a popularity contest.But I'd like to see recognition(is that spelled right) for BP members who give great and/or detailed answers to questions asked..

This shows a pattern of paying for housing, which is very relevant to you, that isn't often captured on a credit report.Prove that you've paid one or another other bill on time for 12 months.

@Kenneth GarrettThank you for the relevant info!