However, a city like Dallas has oil exposure but real estate values continue to grow because there are numerous other economic drivers in its diverse economy.I also agree with your view on conservative underwriting.

Originally posted by @Amr Omar:Looks like this noob is mixing up Cap Rate with Cash-on-Cash ROI :/ Cash-on-Cash ROI: (500x12) / (15k + 6k + 2.5k) = 25.5% Purchase Cap: (500x12) / 170k = 3.5%  Wouldn't cap rate NOT include P&I in the numerator?

Be prepared for numerous requests for documents.After the property settles and becomes yours you have 6 months to finish the property.  

I have developed relationships with numerous local lenders and banking executives in the Baton Rouge area by doing exactly what you are doing.  

it is an amazing resource.If you ever want to tag someone in a post (like I did for you) to alert them of your response just type @ then start typing their name and it eventually a box will pop up by the @ for you to click.The podcasts are AWESOME and the site also has  in-depth guides for new investors and their are so many beneficial blog posts as well too numerous to mention.  

I didn't quite follow this part, but right outside there's now something that's really good as far as plumbing.Fire Marshalls were invited in to critique the apts 15-20 years ago.

I invite you to Google "Creating a LLC or S Corp in Ohio," "Division of Corporations in Ohio," or another phrase. 

The options for financing are numerous – do I need to lock down more clarity on where my money is coming from before I spin my wheels finding a deal?

I just think it would be easier to seek guidance from who you want to work with versus putting out a open invitation.

Thanks for the invite, Mark .