Instead of doing that, I buy my properties at about half of the market price.

So, after spending numerous hours tearing out carpet, 5 layer-tile in the kitchen, fixed the cabinets, replacing a ceiling, and half a bed-room, doing custom stuco, and painting, omoung many other "rigging" techniques, I thought UMMMMM, I like this..

If you have access to the MLS, look at houses that have sold within the last 6 months within a half mile or so, with similar square footage, number of beds/baths, style, etc.

Nearly half of them have been listed now by agents.Does it means I cannot talk to the sellers now.How can they be listed if they are on foreclosure?

My hope is to learn as much as possible within a year to a year and a half and then I'll be fully ready to go from both a knowledge and financial perspective.

But based on my understanding of the 50% rule, it simply states that if your sample size is large (many properties over many years) your expenses should work out to be about half your gross rent before vacancy.

since some areas were only 2 inches and others was less than 1/2, we did not think it would be a big thing

What I want to have happen is for the title company to hold half the funds that are the difference between the current lien and what my offer was.

Graduated from college a year and half ago.

(I'm counting that as a cup half full.)