Back in 2008 for instance, during the Acai craze (while I was making $12 per hour underemployed in a shoe store, d'oh!)

Now they are the big boys in town, and unless you are a regular and get in good with them they are going to ruin you so that you don't come back.

I understand that you have to honor a existing lease as a new buyer on a regular sale.

Depending on the rent I am asking and location of the property, I will put in Stainless or regular equipment.

Shaun: I broker HUD properties in Michigan regularly and this typically means the house needs new paint rather than a serious problem with lead paint.

If I owned 12 or 16 units (or more) and had a full time regular job, then I would sub out EVERYTHING.

Unfortunately there's no store where we can go buy a mentor.  

Find out appliance costs and keep an inventory of all your contacts and stores.

I think its great what you are doing- I don't know if most have had the experience that I have- I'm open to mentoring someone but I will meet someone on the board and say hey my number is in my signature- Feel free to call me but just never hear from them and I go hmm okay maybe they weren't that serious.I think I've gotten an actual phone call from like 2 people on the board in my area and both of them I talk to pretty regularly not in a mentorship capacity but more to bounce ideas off each other.I think some newbies are afraid to reach out because they feel they will get rejected or someone won't want to spend the time to help them get started.

Once they rise, cap rates will have to rise and thus property values will drop.The reason we are looking more for cash flow is so we can get regular monthly income out of the property and effectively retire off the income if we want to.