There were some expenses which we could not predict because the former owner had stripped out all the appliances etc.  

I use what I'm good at - market selection/prediction, product type, maximize design & costs/sf, and team development.

I have a full time job as a scientific instrument sales representative, and I am normally on the road at least three days per week.  

Most of my other expenses are known and these are the ones that I am least confident predicting.  

A promissory note is the contract between the lender and borrower, it references the transaction and deal terms; the mortgage, or deed of trust, is the security instrument that puts the lien on the property when recorded properly. 

Lot's of people seem to be predicting a market slow down sometime soon in the Bay Area, so take that into consideration!

The government by manipulating markets to keep interest rates are creating artificial market bubbles.Subprime was just the instrument for money to circulate into the real estateHedge funds are the new instrument that replaces the subprime.

I wholeheartedly agree with the idea that your success can be predicted based on the company you keep.  

No one can predict a crash is coming, but I can 100% guarantee you a correction will be coming.

I have it under contract for $92k, the combined rent is $1980, so all told, I'm predicting at least $500 a month in cash flow.