They were asking 90k for the property which was perfect because I can demolish that building and construct my modern 3 flat.

Hi John,There are two schools of thought; OM shows the potential if everything runs perfectly and the T12 (Trailing 12, aka Actual Financials) illustrates how the property has run when the current owner operates the deal.Offering Memorandums often assume instant rent increases and below-actual expenses.

I will be more involved with Real Estate until I find my next project because I’ll be free :-)  Perfect time to learn,Network and take action.

On Paper Euclid seems to be a perfect candidate.

I think the learning curve is pretty steep on the first property and its better to take it slow, manage it well, implement systems to "perfect" the first one so that its easily scalable to a lot of others.

Maybe not perfect but I’m not going to have 50k laying around next year unless I do it right and have equity from the first one.

There are plenty of jobs to be had on the labor market, though it takes a lot of work to go out and find the one that is the perfect fit for you. 

I ended up buying a unit for myself, as I truly felt it was a great investment opportunity and more importantly was the perfect home for me at the time (I was looking for something low maintenance and move in ready, as I was working on many BRRRR/Flip projects at the time).

If you can find a property with more bathrooms that would be good, but having 1 bathroom is perfectly fine. 

Perfect, thanks Chad.