The mastermind group purpose is to assist everyone in the group to go over what has worked, what is working and to create new innovative ways to attract more business.

I don't know KC very well, but it looks like a pretty attractive area for rentals.

and how to attract world retail and hotel operators like Wall-Mart and others

If you have $48k already, you shouldn't have any difficulty borrowing the required $192k to get it done, should you (for less interest than would be required to attract the Seller to do so)?

There must be some kind of texture in the paint as it attracts dirt, etc 10 fold in the tub.

Without getting graphic, let's just say "shitter was full"..  

The first is cap rates are not looking all that attractive.

It's been on the market for less than a week.Here are the stats:List Price: $450,000Annual Taxes: $10,500Units: 2Rent Est Unit 1: $1500 (i would live in this unit)Rent Est Unit 2: $2500Putting down 20% I estimate my PITI to be $2,771 (at 4.25%)Positives on this property:Located in an "up and coming" part of town, where the town is in Phase 3 of a development programThe second unit is two floors and has the bones/access to be split into two separate units with relatively minimal investment (basically adding a kitchen).. pending zoning approval of courseMy concerns are that while the property certainly has potential, the current rent rolls are a lot more attractive in the 425k range than 450k.Any thoughts/advice would be appreciated.Thanks!

As cap rates decrease real estate becomes less attractive

I like to start with my target tenant and work back to buy the property that will attract them instead of the other way around.