Dzonic,In my book, you first have to define your goals and then the way to achieve them.What type of REI you want to be and what areas (Professionally and geographically) you want it invest in?

Tim,Thank you for the explanation, it's greatly appreciated.

If you don't understand what they are telling you, tell them you need a better explanation.  

Thank you for the link and the explanation.  

Joel, that was nice explanation of the scenario.

I know there are some geographic locations where anything that works numbers-wise might be a good investment, but there is so much competition for good tenants in some areas that buying a "good deal" still may not equal success.

What explanation did this guy give you for not allowing you to see the issue before buying?

Thank you for any explanation or advice as to how it should be drafted.

It keeps maintenance, turnovers, rehabs, and showings easier for me to focus on a smaller geographic area.

Hi Quy, these practices and costs vary geographically in my experience.