That's awesome and I can't wait to hear about how that hammers out.You've probably come across the 50% rule just listening to the podcasts, but check this video out anyway, I use this model when evaluating all my prospective deals:

I have videos on the web from 5 to 7 years ago that STILL gets me leads where people search me and they go wow you have been doing this a long time.

That gets you pretty close to today's values and is a good lesson on inflation.My Nickerson video covers this.

Considering all the tenant's property was getting put out by the dumpster, I wasn't too concerned about it, but how they treated the building really irks me.See the video here: YouTube Link

Listening to podcasts, you tube videos, and reading books and message boards I often hear it discussed, don't try to learn everything before jumping in on the first deal, yet it's also pointed out that it's foolish to start investing without some education.

Currently I own and operate a video production business but have been turned on to the idea of Real Estate investing after learning a lot through the Rich Dad Poor Dad books.I know I have a ton to learn but also know that I've been blessed with lots of knowledge from my other professional experiences.

I can't speak to either of those schools, but I'd imagine the more expensive schools probably have nicer courses with prettier graphics and better quality audio/video... but I'd wager that the content is the same either way.

.- Install dummy cameras, with video surveillance signs.- Install blinds at front windows so that it's not obvious your house is vacant from the street.- Install timer outlets that turn on lights/TV/Radio during evening hours to make it appear that the house is occupied.- Do not have a For Sale sign in front of the house.- If feasible in your area, use an electronic agent-only keybox, rather than a lockbox with a code.- Install a GPS tracking device in your appliances to help police track and find the criminals- Make sure the lawn is regularly maintained and newspapers and fliers don't pile up on the driveway.- Leave a car parked in the driveway.

great question, I put a video together regarding your question.Best Wishes Larry!

Finding ways to comply with Dodd Frank and do these long term lease options I believe is a great strategy for underwater homes.Brian, can you explain why you think a long term L/O is better for underwater homes vs other methods, without posting a video to watch?