There probably is a grain of truth in what Christian has cautioned; however, if you do have business experience the project is probably not one to pass up either without further exploration.Scott's advice on the inspection is sound, and you should in fact personally attend the inspection yourself.Before you do that, however, consider this.

The truth is that the vast majority of newbies in the rental property business fail in a relatively short period of time.

One truth that I've discovered in this business is that "NO GOOD DEED GOES UNPUNISHED!"

This is my first home and I'm really just sitting around grinning from ear to ear as it was only a few months ago that I had myself convinced I'd never be able to afford my own home.The whole process almost seemed too easy and to tell ya the truth, I left a ton of money on the table, yet still came in ahead.

It can get really, really frustrating for those who are doing their best to be truthful, responsible and professional in their work.

Want to know the truth about high gas prices?

Just to be clear, you are not to come "naked" to the event (ha ha).The name comes from the owner (an investor herself) who was tired of the guru hype and wanted the "Bare Truth About RE Investing", hence the name.

However, none of this gets our money back - at this point, our main focus is to expose the truth and protect others from being in the same situation.

The truth is that the vast majority of newbies that "Just Do It" fail in a relatively short period of time.

The truth that you never hear is that expenses also go up over time.