Memories............ lessons...... not going to pay 2x :) 

You've got a good memory @Steve Vaughan. :) I've read lots of good advice you've given out to various people here, and you should know that people like you are what makes this site a great resource to people like me.

Also need to come back and pay Tangible Business property tax on computer equipment, etc...by 1 March...

Practice evaluating three properties a day on your desktop computer.

It can be computed by dividing cash flow before tax by the amount of equity that was initially invested.Interpreting Cap RateCap rate is therefore an indirect measure of how fast a given asset will pay for itself.

So just to give an update on where this REI journey is taking me.My recent gains has allowed me to be able to do a down payment of $600k-$800k which has now allowed me to look at properties from the $2mm-$3mm.It's still the same concept but wanted to see if there was any difference now that the numbers have changed.So for example let's say I have $700k to play with and am looking at two routes, purchasing one 2.5mm to 3mm dollar property or getting two 600k properties all in Los Angeles.If all properties in this example are duplexes for the sake of simplicity, I still think it's a better move to go with the two duplexes that are 600k each and pay over 50% down in order to cash flow well and still earn the appreciation incentives of Los Angeles (Which if my memory serves me correctly, was somewhere around 5-6%).

I'll go back to my computer screen and look for my next property.

Hey BP I'm a 20 year old student at UK studying finance and computer science and I work at Dayton Freight as a forklift driver part time.

The best part of this is that you can create a "child" series from your computer at home, it doesn't require to forma brand new LLC for each property, while still offering the liability protection you are looking for.I set up entities like this all the time, so if you have questions about it feel free to ask!

I always make an effort to have face to face time with my applicants before moving in because despite automating you always need a feel for people on a personal basis and a computer can't do that.