So if you have access to a good amount of capital and search your markets and if you can leverage.. you can achieve 35% cash on cash fairly easily and actually do much better.

Just being educated enough about our financial and legal system can make wonders happen though.

Were you doing BPO's at all before that "call".Can you tell us how you started doing BPO's, what books to read or education to get... and some of the NJ BPO companies?

I am continuing to educate myself, I have a website, and am just trying to network as much as I can.

How did you educate yourself?

Please help educate me in what not to do!

This is not to say that all Realtors are bad, simply to shed light on the situation.Good luck in your investment career and make sure you get educated.

I invest in education.

If anyone could speculate on typical reasons as to why a large number of units like this might go completely vacant that would be educational for me.Also, in general, in your experience when someone says it "needs a rehab" are they talking about spending $500 or $5000 per unit?

I am very educated in the REI field, and I am a licensed mortgage broker in the State of Colorado.