A person I know" I will call him Bob, bought a house next door to his own because his neighbor expressed interest in selling so Bob was able to buy off market.

@Bob Galivan  - great points. a) POS can eat your estimated buy in for sure unless you are well cash capitalized on the buy side b) spot on c) very good guidance, especially for 1st timers or out of state players d) AND EVEN WITH inspections....you easily add a $10-25K repair tab turkey bomb expense to your portfolio.  

@Bob Stevens are you doing anything special to network when most events are currently virtual?

@Bob Stevens what class neighborhood would you say a 1.5/2% rent ratio is to be found?

Known to many investors that sold after a minor setback or a series of objectively minor challenges. 3) Never let "Bragging Bob" get you down - you will invariable meet this person socially, at work or god forbid in your family.

@Bob StevensI feel like I caught the last 6 months of those 25% cap rates and 40K or less duplexes. 

.: Quote from @Steve Vaughan: We're all peaches and cream compared to Bob Bowling the cap rate dictator, Thomas S the tenant and property management Nazi and Uncle @Bill Gulley educate the right way or no way.

Quote from @Bob Stevens: Quote from @JD Martin: Quote from @Bob Stevens: Quote from @JD Martin: Quote from @Summer Dechanukul: Quote from @Bob Stevens: Quote from @Summer Dechanukul: Quote from @Bob Stevens: Quote from @Summer Dechanukul: Quote from @Bob Stevens: Quote from @Summer Dechanukul: Hi everyone!

By reading about taxes from @Steven Hamilton, ownership structure from @Jerry W, exchanges from @Dave Foster, conventional lending from @Chris Mason , underwriting multi return metrics from @Ben Leybovich and commercial cap rates from @Bob Bowling (LOL) title issues from @Tim Gimer, investing/personal finance from @Mike Dymski,  etc.   

Originally posted by @Bob Prisco:@David Martin Jr connect with a team doing deals out of state with double digit net caps .