I will be participating with money too at the first round and would like for the group to be open to other investors that want to come in now, but also later in time.

If I close on the property in June, that means I only have July to to rehab it and get it listed and rented in time for a September semester (is that when school starts?

I guess it is a supply and demand issue that i am trying to ask (and these are just some hypothesis that i am throwing out) Is there a point in time where the builders have built enough new homes?

I'm the brother of one of the salespersons and I lost 70K in Kansas because they could never build it in time and the loans were no longer available.

I would get buddy buddy with a young hard working energetic Realtor who will help you out with MLS comps.With that said make sure you compensate your Realtor for their time - either by selling a property with them at some point in time or buy them lunch every once in a while or...something, - you don't want them to feel used, or they won't continue to help you.

I would hold and rent.I am not familiar with the market in your area, but I wil take a stab at it and say it is not a sellers market.A few months or years and the market may change allowing you to sell quicker for more money.Plus, you know this property intimately making it easier to maintain.

And they're not all "how i got rich quick in RE" type stories either - they're real life stories.I would highly recommend this book to anyone who wants to start investing, but doesn't really know how to do that, or what to go after...This is perfect for those folks, and it's a pleasant simple, entertaining read that definately won't put you to sleep!

What city are you in?Tim

So believe me....if she will encourage you to break the law charging more than you can charge, then she will sure as hell be the type of person who will rip you a new one for a technicality....such as you not fixing a minor repair in time, etc etc etc...Not saying she is a bad tenant, just saying knowledge is power and there are tenants out there who live somewhat rent free bending their landlords over barrels with their knowledge of RE laws....

If you are interested, please contact me directly to discuss.Valley Agent Criteria:A self starter, but not someone who is ambitious enough to go out on their own… Knowledge of SF Valley and Thousand Oaks/Simi Valley (member of SoCal board) Someone who understands the rental market (acquiring low price properties that demand high rents) Experience with Winforms and MLS Investment property experience Computer savvy Home office with fax, email and a windows operating system, Outlook (not MAC) Someone with an existing book of potential clients Someone who knows the neighborhoods intimately in the SF Valley and Conejo Valley