After learning about cash return on investment and debt service coverage ratio, it seems to me that a nearby city to me, Harrisburg, PA, would be an optimal place to achieve the appropriate numbers.I've been told 2.0 for DSCR is solid and Cash ROI above 25% is a good target.In Harrisburg, properties can be bought for 15,000 with 7,000 put into them with potential rents of 800.

Pretty much exactly what I imagined, but great to hear it first-hand...By the way, if you're charging a larger commission split these days, what is motivating those 18 agents that are currently with you to stay, as opposed to going to a solid source or small-time broker with a very small commission split?

Being that I am born and raised in Detroit Metropolitan, Michigan I have seen first hand what our nation has turned into and the consequences from the "real estate boom."

~Napoleon HillGreat achievement is usually born of great sacrifice, and is never the result of selfishness.

So for example if your goal is 10K/mo cash flow from properties and the purchase and conversion will allow you to achieve this...then your answer is obvious.Here is another example: Your goal may be to pull outa quick 200K and still cashflow the property 5K and maybe you can accomplish this by buying it for 500K using the comparable approach; however, after you do the conversion you refinance it using the income approach and it's worth 1M and you get a loan for 700K.

I achieved that goal in a relatively short period of time...1 year.

Maybe those requirements are needed to achieve safety standards, but I can imagine them turning any contract job into something incredibly slow and inefficient.

I've had first hand experience of turning a horrible smelling room that was used for smoking, in to a habitable place for myself.

of her designer decisions, this is one area where we really disagree.We also have a really good cabinet supplier who provides a great product at a great price (everyone who sees our cabinets first-hand and finds out the prices understands why we often just replace them).3.

On an unrelated-ish topic, I'm still not clear why it's better to have achieved a certain positive income from the business before I declare the s-corp election.