Not every person is a gambler, nor is every person a cowboy.There is no one set of correct rules, mathematical formulas, or theory.

Perhaps this thread should be named "where are all the investment metaphors".If such a metaphor was followed by the gurus, then they would not have the bad rep and negative persona they have earned over the years.

But all of the podcasts are good in general.Also, make sure to network with other investors in person as often as possible at the local REIA's.

However, as with everything there are pro's & con's.My preference is to offer the money person a recorded secured lien position.If there is a division of responsibilities for operations, service contracts with performance incentives have worked better for me.The issue that arises most often with partnership arrangements is that one partner frequently feels that the other isn't pulling their weight.

You should look at the property in person. As

Hola otra vez mas,I would be curious to know what this applicant's rental history looked like, what the previous landlords said about their tenancy, and why they are moving.This could override the income puzzle.

I would follow the lawyer's advice on whether or not you should keep the dogs for a while, or if you can re-home the dogs to a good home on your own (craigslist is a good option).It's nuts that $400 over 4 months could make this person a "tenant," but this guy seems to be playing you and I wouldn't be surprised if he tried to cause problems if you goofed the eviction.Personally, if it was a friend's friend and they gave me $400 in cash over 4 months for shared food or something and I had no lease, I would likely take a huge risk and say screw them and change my locks.

I'm wondering if one could simply setup a separate agreement with someone .... instead of between IKen the Landlord and Betty the tenant, it's between Ken the persona nd betty the person, nothing to do with any LL T relationship.

Then the rest of the information you gather when the note seller calls.The benefit I find to direct mail is you can regulate your calls to your schedule and most of all, you get you good at talking about the business.The downside, very expensive (close to it $.75 to a dollar a letter) and it is very hard to find a dependable persona to stamp, signed, stuff, and mail your direct mail.Cold calls, on local notes sources such as realtors, banks, divorce attorneys, developers, real estate clubs, investor clubs (and the list goes on and on) is another approach.The best place to start is personal calls to Real estate offices and offer to be a quest speaker at their next sales meetings.

Can any services be provided by disqualified person (A or B) to the LLC?