My suggestion: focus on local areas, learn them well, and figure out how to profit from future appreciation.

I started sending out DM and added websites to capture leads.Now I'm in a very hot market here in South Florida, so my results are going differ greatly from other markets (except for maybe San Antonio and So Cal).I'd also like to post my DM results for the past year here, but being new (and not 12 years only) I can't figure it out.

Hi Gary, if the pump failed on it's own I would pay the increased energy bill.I don't know where Your from but in Wisconsin the electric/gas bills have a "Degree Days" number on the back of the bill, this number would make it easy to figure the actual increase in fuel used for the month in question this year, and the same month last year, when the pump was working.

@Justin Stamper I'm sure everyone can figure out how to park in downtown, but there are other areas of Orlando that are easier to access.But in case they cant, do you want to be a guest speaker and teach people how to park in downtown?

Transitional neighborhoods can be great but you need to know which way it is transitioning.Try to figure why these buildings are vacant.

The rental income for comps in that area are between 800 - 1200 per month so I figure if it still cash flows at 750 it's a property we should definitely be considering.

Price it based on the net income it produces.The hard part is figuring what that number is.

So Hypothetically this means if they were to give you a loan its a high probability you'll figure out a way to get this loan paid regularly.

Second you need to figure out if your goal is realistic.

I figure less than 10 units is a good way to "make mistakes" without it hurting too much so I don't make them on the 20+ units.