Even if you set up an account with Listsource, they still charge 10 cents for that Equity % filter. 8 cents would be their pre-paid cost for a list without that filter applied.

If you apply that 50% thingy "rule" it doesn't look so hot...

I find it all so incredibly interesting to learn about and want to start applying the tools I have and put them into action.Although I am eager to get going as soon as possible, I do have a few limitations and have had some set backs when it comes to income available as well as credit history for loan/mortgage approval.I have been doing a lot of reading about lease options, lease purchases, notes, partnering with an investor, purchasing without a bank loan...I am wondering if there is anyone who can help with some insight who may have gone this route or found themselves in a similar situation as me who could offer some advice on the best way for me to get started.Thanks so much!

@Jonathan Richards If you're using gmail, you could setup a quick filter that would take any message coming from the BiggerPockets listserv email, check the body for keywords like "DC" and the like, then apply a label to it/archive.

@Matt TheriaultDoes this only apply to FNMA and FMCC backed mortgages?

This is really a much more basic question, and isn't necessarily one that is specific to CA, although southern CA is a particularly popular market to apply the premise.

Cash on cash return (annual income / money down) should be 35% or more and cost per unit (for 1-2 bed units) should be $50,000 or lower.He doesn't recommend using the 1% rule because you'll need a higher down payment to make it cash flow.Hope that helps.Be aware that These numbers may not apply much to today's days,35% cash on cash is almost impossible to achieve, you would need to get 1,400 in net monthly rent on a 250k property.

@Spencer OBrienLicensed agents need to work under a designated broker (firm) for three years before they can apply for their Managing Brokers license.

The full depreciation for a 6000 lb. vehicle applies to used as well according to my accountant.

I just had one apply who told me all the things I was doing wrong.