Not to be a negative penny, BP also has a flipping book which I am sure is great because @J Scott wrote it.

Oh, and I forgot to mention:The list was only about 64 people and I only sent them 1 letter, with about 10 pieces of returned mail.

So far :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Be involved & successfully close at least 4 – 5 transaction per quarter.Reduce my personal debt by at least 34%.Keep removing negative individuals out of my personal space.Keep moving forward with my plans to purchase multi-family properties.Increase my personal net income by at least 21%Spend at least one week in Florida ( Disney )Work on obtaining broker license and CCIM.Spend one or two days volunteering my time.Read and learn from at least five real estate books per quarter.Work on business plan.Enhance my personal physique.

I only have 3 at this time but I believe I have an A, B, and a C property.

I have found that the larger % rates cannot almost negate 15% of a down payment.

This passes the 50% rule (before renovation) even if i put down 3.5% and owner occupy (which I'm considering)One negative factor is that even though it's listed at 180k, it's tax assessed over $400k (meaning 6k in taxes!).

I've invested in one market where for many years I only bought properties off the MLS; then the MLS dried up and there were several years where I only bought off-market properties.

If I am able to get my residents (I don't like to call them tenants) to sign a longer lease then my monthly reserve may go down a bit, but I only factor that in once I know the length of lease.A long vacancy (or longer than expected) can eat into your yearly cashflow very easily if you do not factor that into what you put aside, so just think about that when you are coming up with a good number...but again I usually do 7 to 10%...I know plenty of people who do higher...Hope that helped!

@Kenneth Huddleston if I only had this goldmine of BP and the desire to build a real estate portfolio when I was 16 I'd be in a different league right now.

I only hope that my agent realizes this and doesn't get fed up with me for passing a bunch of opportunities.