The key is consistency and meeting people in the business that you can connect with to combine resources on differ potential deals.

Their proposition consisted of buying 3 SFH which can give a gross yield 10% and a net yield of 5.5%.Now this caught my attention as I would have been expecting a higher return considering the economic situation in the U.S. hence I started to do some research and found the BP community.

Check out this report on residential mortgage backed securities (RMBS) that came out on Oct 5.

classes allow you to track each property without having different accounts for each property, and you can create profit and loss reports for each property.

He said he couldn't find any tenants that has consistent income.I don't want to be negative, but know what you are getting into.

I think the developers respond very quickly to reported problems.

Assessed value has nothing to do with market value or what you should pay.You are buying this property based off the income approach as an investment but generally single family properties use the comparable sales approach for valuation,lending,and appraisal purposes.Local recent sold comps would be a better gauge for current market value than looking at any assessment value.Now you do want to look at assessed value for property taxes.Fighting the property taxes and getting them reduced will improve your yearly bottom line.Make sure the cash flow of the property they are reporting does not include exemptions that do not apply to you or they have been putting off capital costs and maintenance to show and INFLATED NOI.

Thank You Jon and Nathan for your input.If you had a report showing the actual expenses holding true at 4k per month for the past 2 years would it change your thoughts on cashflow/cash on cash ?

If you have a relationship with a title company, they will likely run a preliminary title report for you for free.

When calculating income, do I take my credit report debt ( my PITI + car loan) / my wife and my "job" income along with adding my gross rental receipts or is it just "job" income + schedule E rental net income(line 26) + depreciation?