Well aside from my initial introduction post I figured I would lay out the plan I have for my first deal.

Then PV of cash flows from tenants = $480*3yrs = $1,640, discounted = $1,278 - initial investment $300 = $978 NPV.

Owner financing is easier than I initially thought, but apparently it is just tough finding someone who would be willing, right?

Are your friends financially capable of handling 1/2 of the (initial) expenses and any (unplanned for) shortfalls?

You may want to initially consult with subject-familiar licensed Geologists to draw opinions.

I've made my money initially through cash flow made from landlording.

The program is called Teacher Next Door:Teacher Next DoorThe Teacher Next Door is an exciting new HUD initiative that will offer thousands of teachers highly discounted homeownership opportunities while also strengthening the communities where they work.

U get2smile all the way 2 the bank.I've worked in places where if You weren't generating at LEAST 10k a month in FEES U didn't even GET a Desk!

Building a relationship with a realtor(s) can enable you to obtain MLS (Multiple Listing Service) information, property and tax data,johnmichael: comparables and a whole host of other information.johnmichael: You should have a reasonable idea of what to initially look for before hitting the market.

I'd just tell them again about the "extras" that my place had.BTW, I had a MINIMUM OF TWO YEAR INITIAL LEASE.