Have a good Thanksgiving week everyone and a safe holiday season. 

In such case where late fee is deducted from rent received rent payment shall be considered as not paid in full and a pay or quit notice shall be issued.

I personally have basic knowledge and a desire to take action and get started.

I’m new to REI and am planning on purchasing my first deal in the next couple monthes I have been talking to investors in my area of southeast Wisconsin and a lot of people have told me we are at the top of the market and it’s not a good time to buy.

It is limiting me to 5 zip codes and a $50 min per payment.

The interior looks decent with only cosmetic rehab needed, some appliances changed, new floors, and a re-tiling of a couple of bathrooms.

I am a husband a father of almost 3 and a small business owner.

I guess I will have to do my research and as always err on the side of caution when making this decision. 

In my situation they make them acceptable investments and a good diversification. 

It's REAL and we can control it.You will need two things...A Promissory Note, andA Deed of Trust.To fully answer your Qs, here are the main terms you need to agree on with your lender:1.