First I wanted to apologize for not getting a more recent report out to everyone; it has been one busy few months and I would not be honest in saying I had the extra creative energy to put a proper update to you.I have been in love with the Chicago area for many years despite the horrific winters.

@Roderick Barr, the BiggerPockets blog has covered this topic a couple of times that I recommend you read.Andrew Syrios wrote Newbies: Here's What You Have to Offer to a Potential Real Estate MentorScott Trench wrote The Ultimate Guide to Finding Incredible Mentors.Read both of those articles before you go to your first REI meeting and you will be better prepared to talk to local investors.

If you want a general answer expect it to be more just to be prepared to price it in. 

But I always make sure I am prepared with the correct data and strategies, then it's a matter of telling a story and reading the audience.

I truly believe that I should be a writer, for the sheer creativity and volume of excuses I have recieved from (mis)trusted associates is without competition -- Everyone wants a piece of the pie, but when it comes time to put up or get out, everyone walks.

No-money-down deals and other creative financing is probably not something I see myself getting into , but you never know.

I'm prepared to wait, definitely in the preliminary stages.

But each time, I learned and was more prepared for subsequent occasions.  

If your numbers don't work for you any more, re-negotiate but be prepared to walk away.

I then prepared a list of talking points.