I realize that may sound a little off the wall to most of the folks on this list, but it is what it is ...I have no experience in real estate deals at this point, but I do know how to follow protocols and believe creativity can be applied to whatever one is committed to once one has a good mentor and understands the nuts and bolts of the process.

But, you have to realize that's a job, and you're income is limited by the amount of output you can produce with your hands.If you want to stay in real estate, and you were good at finding deals, wholesale.

I believe I am correct that in this area investors in rentals look at a longer term forecast if they intend to fetch revenue from rentals.May I ask you something Mike, I realize it's something you'd rather not share, but how much money are you paying each month in bank interest?

Wouldn't go out and that was that.They began to scream inside the underbelly and it took one night to realize they weren't going to leave and couldn't get fly time to eat.

I realized it was barbaric, and I didn't have anything to prove, so I stopped.

I was targeting a "cash on cash" return of 5%... and I plan on having a property manager handle the management...So here's how the numbers looked (The building is a 6 family: 2x3Br, 4x1Br)...Purchase Price: $290,000Total Monthly Rents: $4275Expenses (50% Of Rent): -$2138Mortgage P&I: -$1558 (based on $217500 Loan at 7.75%)Projected Monthly Cashflow: $579I realize I'm pretty far from the 2% rule here, but situationally, it's one of the closest I could find in my area...

(explanation: I charge one months rent to break the lease and they have continue paying rent and utilities until the next tenant moves in)I realize that many investors are able to purchase properties at a 70% discount, however they have not been available in my area.

Although mortgages were indeed dangerous in the 1930s and 1940s, the rules of money have changed and, unfortunately, your elders don’t realize this.

I have let one tenant paint and it was only because she is a professional painter and she showed me the color she wanted to paint the room before painting it.I went in to see her work about a week after she moved in and saw a caulk gun laying on the floor and I thought I left my caulk gun in her apartment, then I realized my caulk gun is orange and the one on the floor was yellow.

I didn't realize condo flipping still existed...in any market???