Matt check out this video on the 50% rule

I'd say 5-7%.Tom Ferry has a great video on price reductions. https://www.youtube.com/watch?

Real Estate will kill your relationships, your bank account, your friendships, and your personal will to succeed if you let it.Steve Jobs said that you must have passion for what you do..

Many of you know @Scott Sutherland through his appearance on Podcast #114 - How to Invest In (& Have Fun With) Vacation Rentals.In addition to being an amazing guy, what you might not know about Scott is that he has a portfolio of regular ol' rental properties with long-term renters.At one of our meet-ups, Scott talked in depth about how to buy, manage, and improve the houses.If you're interested in watching it, you can see the video here:Enjoy!

Don,Yea, I have a pretty good letter of intent and I actually know of another investor that shoots a quick video to serve as the letter of intent along with an email.

Atlanta Video Market UpdatesIn addition, I schedule bi-monthly meetups here in Atlanta.

Coming from NYC real estate has given me a great appreciation and passion for the many opportunities in our industry.  

One of the recent videos from the new #askbp podcast is about this topic. http://www.biggerpockets.com/renewsblog/2015/04/21...My thoughts:The good = access to listings, knowledge about contracts, save money on transactions, able to make additional income by finding properties for other investorsThe bad = time, cost, administration (you save money on transactions b/c you have to do all the paperwork)Some people want to focus on what they do best and outsource the rest.

An interesting read & video.

Its clear you are now doing what you love as you definitely seem to have a passion for investing and maybe that will make all the difference going forward for you.