You now have about $12K invested in the property, if you include closing costs on the loan.You rent the place for $1050/month, and assuming an 8.5% vacancy rate (a month a year) and expenses of 40% of net income (a little low, but okay since you just rehabbed), you should see the following returns:- $40,000 in total equity created from the property ($120K valuation minus $80K loan)- Year 1 Cash flow: $862- Year 1 Equity Accrual from Payments: $894- Cash-on-Cash Return: 7.43% (not including equity generated by rehab)- Total Return: 15.14% (not incl. rehab equity or tax benefits, which are investor dependent)- Total Return Including Equity Generated by Rehab: 347%If you choose to keep the property for longer than a year, your total return will obviously drop, but you're still receiving nearly $1000 a year in cash flow, $1000 a year in equity, and still have $40K in equity generated by the rehab.Rinse and repeat...

Make sure that you have several steps in your letter process....such as mailing the same list a total of 7 times every 30-60 days.

Maybe a totally out of the air number.

It's the evil mortgage brokers going down over what 100 M in total fraud.

- How does additional leverage help your total return?

That makes the total price about $85,000.

I was totally prepared to spray paint my upper body "o'connor in 08'", and not wear a shirt until election day.

I've heard people tell me you should use a buyers agent because it's "free" they take a split from the total commisions paid by the seller.

Basically, I am totally agreeing with Dan:If the deal is too skinny, I'll know right away by the response I get from my top 3 buyers.

Hey Jim,How many total members are there?