Quote from @Kevin Akers: If you have everything else in place (financing, permits, etc) and have underwritten the deal where the numbers make sense you can work on raising the 50K from private investors. 

That makes sense to me.

So then Nick ask everyone who is interested to learn everything there is to real estates (he explained earlier - to secure your future you got to have knowledge which then you gain control and thus less risk - i thought that made sense) to now stand up and go to the back and sign up as seats are already filled.

*Deal Closed**Normal aspects of the rental property business occur*Buyer: Cry Cry Cry Scam Scam ScamMake it make sense Ivana?

This whole exercise may or may not make sense depending on the reason for doing it.

Now, I have seen some lenders get really annoying about this and require a spouse to be on the loan...so IF YOU CAN find a lender that will allow just you, then that's the route we want to go.Hope that makes sense.

I wouldn't pay points unless you are trying to "buydown" the interest rate, which doesn't always make sense, depending on your length of ownership and "breakeven" time.Properties held title in an LLC can offer protection from personal lawsuits, but we still require personal guarantees on our loans.Let me know how I can be of service.ThanksCraig

renting makes sense...

If you have a lot of equity or if you bought the property when your credit score wasn't great (leading to a high interest rate), then it might make sense. 

For you seasoned investors, does it make more sense to go to Home Depot and take advantage of their deals for appliances and such, or are there better alternatives for flooring, tiling, and appliances?