If it was in good physical condition, then probably:The loan payment was just too high relative to where market rents are, and they had no reserves.

You may find in some areas your listing goes off the first page of listings within a day or so and many viewers are not going to page 2 so keep your ad fresh by updating.2.Attorneys or Closing Agents– Attorneys or Closing agents are a great source because they are closing the loans for the hard money lenders and know the people who are paying cash.

I started a web app business which was pretty successful for a few years.

I've looked at possible expenses related to this, but wonder if there is a 'simple formula' to quickly vet the potential of a property?

Yes, I've compared the property to recent sales and I realize that by itself, the current value compared to the bubble value is about as useful as comparing the relative bubble/current value of a property in California to a bubble/current value in a Florida submarket.

Check Safeco's web site and find an agent in your area.

No better place to learn on the web in my opinion.

Check out some of the tutorials on our Start Here page . . . these detail all the little intricacies on the site:http://www.biggerpockets.com/starthere

I plan to spend my attention on sfr and multi-family over next yearI have consider northwest of Milwaukee for buy-hold since I have a ton a relative in that areaThis my personal current breakdown of SFR~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~buy-hold / wholesaling -> northwest of Milwaukeerehab / wholesaling / buy-hold -> suburbs This my personal current breakdown of Multi-family ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~buy-hold / wholesaling / rehab -> suburbsbuy-hold / wholesaling -> Milwaukee depends on zip code / areajust my opinions

As you know, our Success Stories forum is a place where you can share all your little successes, and we encourage you to do so because when others hear about these accomplishments, they are more likely to want to connect with and work with you.I definitely encourage everyone to share your ongoing successes here in this forum.Case Studies of BiggerPockets SuccessThat said, we're now launching a new page on the site devoted to case studies of users who want to go into more detail about how BiggerPockets has helped their real estate business.