That's because of the very high costs associated with selling real estate.

If I did decide to get into this business, those are the last types of people I want to associate with.

NAR [National Association of Realtors dont care because more Realtors = more dues.

Also listen to the podcasts here.As for REIAs, that stands for Real Estate Investors Association.

I have my reservations since it was created by the Independent Petroleum Association of America. 

This, of course, doesn't factor in the latency of my money when it isn't loaned out, but it shows the power of leverage.Ryan, IMHO you neglected one major factor into your return equation ... loan losses Not all borrowers that you make will fully repay what they owe and not all borrowers will pay on the dates that the payments are due ... yet your bank still requires you to make payments on your note on the due dates.If a borrower is seriously late or defaults, your returns diminishes due to legal expenses associated with collecting or foreclosing.While you may be very good at selecting your borrowers there are no guarantees that your customers will follow through as promised.* * *I'd certainly like to know what lender ... especially a commercial bank will fund you with a 5 to 1 line of credit based on a $100,000 CD?

I'm going to purchase an iPad today for my project foreman in hopes that it will improve our efficiency.I'm thinking that we can share calendars and to-do lists on our iPads and this should cut down on some of the frequent communications; such as when I call him to find out when a contractor is scheduled and associated details of his scope of work.

LLC’s in KS now have no KS state tax on income and these properties generate enough income that the costs associated with setup will return in the first year.

This seems a much clearer division than trying to associate quality deal flow by way off a platform being created in house or "off the shelf"?

Also, you are going look at getting rezoned due the work with a lawyer to create a condo association.