I only know about the parties because they post all the pictures on Facebook otherwise I wouldn’t even know so if it was a stranger who I was renting to I would never know.

Aside from understanding how to build the buildings and how much they cost, you'll need to know how to understand how to analyze deals at a higher level to see if they make sense - what are the rents/sales you expect to achieve, what are your financing costs, what's the timeline....I would strongly suggest taking real estate and/or corporate finance classes as well - preferably as a minor if you're able to.  I

Victor, to take depreciation to I need to file taxes on a Schedule C or LLC corp or partnership?

Just check the big ticket items, like roof, hvac, get a sewer inspection as well (I just had a 12,000 fix on a subject to I bought).

In the state of IL, the situation you are referring to is called dual agency.

I don't think I can do it the same again or would want to. I

lol defiantly not, i said EXTRA $200 a month in cash flow. 1%  i was referring to is the  purchase price. so if the property is 300k. then $3000 a month in rent should be the goal. according to the 1% rule. if your getting 2% then that real good. in what market? 

Also, decide if you want section 8 to be part of your strategy because that will affect who you rent to. I

Does anybody have any info on what the process of taking a preforeclosure subject to?  Is

Don’t take it personally it’s just how these folks were raised and accustomed to . I