By including the cap and limitation that all originated mortgages must be under $150k the Bill basically says these folks are in no more danger of defaulting on a mortgage than they are of being evicted from a rental.  

I'm new here too and to the whole concept of investing. 

All went fine for the first one- after expenses I basically broke even but I am OK with that- ONLY because its my first flip. 

We do not see the need for a property management company to deal with the basics, but how do you deal with repairs, evictions, inspections, etc.?

Thanks for everyones input, I contacted the police in the past due to some of her actions and basically was told there is nothing they can due and unless the tenants are threatening  me and there is no need to call.

We were using multiple LLCs to make offers on MLS properties but moving to a Land Trust instead.I read the book by Attorney Mark Warda and understand the legal concepts behind land trusts.

Basically you would be getting a loan from the bank of Pablo Garcia / loaning yourself money and paying yourself interest.

I am capable of basic plumbing, electricity, Sheetrock and general handy man work.

I understand the basic concept of a triple net lease however this doesn't seem to be a typical set-up in the area that the building is located in.

They both have experience with landlording and basic rehabing.