Site located right across the street from tourist train depot depositing upward of 50,000 visitors per year.Buidling renovated with new systems about 10 years ago - pretty good condition, etc. 100% leased presentlyRents (6 tenants) - $42840 ann.Expenses - Management - $3500Taxes - $2000Water - $720Insurance - $3500Vacancy $3500 (+/-)Repairs $2500 (tenants responsible for interior maintenance - LL is only shell of building and HVAC systems)No common area utilities - all seperate meteredNOI - $27120 (8.34 CAP) - with zero down.Although it shouldnt matter in the deal eval., seller has agreed to finance $100 K (on a second to close after I do the first mortgage) at 0% interest for 5 years (principal pmts.

Check rents, leases, bank statements, tax returns, utility bills, or anything else you can get your hands on.

I am sure the internet has made it a ton easier.Has anyone every used: ancestry.com?

At an auction, you'll likely run into a ton of investors who you should then start to make moves and network with.

99% of people share this problem: If a family member or friend needed $500, most people would need a ton of convincing to loan it to them, and if it wasn't repaid it would surely be a BIG problem, some people would even lose friend over such a small amount of money.

The other negative item to flipping is the larger tax implications, unless you utilize a 1031 exchange each time.

At one point, I had more than $500,000 in unpaid debts in another business.

You know you're a real estate investor:When the cops know you so well, they come at your house to pick up a key so they won’t break the door down at one of your properties.â€

Go to the meetings early and stay late, utilizing the most from conversations you have with the seasoned investors.

The agents don't want to do a ton of work when they aren't going to get paid any more commission.