I doubt that would happen in today's loosening credit environment, but I'm bringing it up as a cautionary tale.

So, I hired a social media expert to build out my fb, twitter, instagram and post daily for me.

I look in the credit report for tell tale signs of what would make for a bad tenant.

That's why the pro's on here chuckle at the "fairy tale" expense ratios on pro-forma statements & stress to beginners to have a realistic expectation of expenses.

My tale is always to ask for forgiveness rather than permission and as Jon stated, if it came down to hell or high water, then you always could transfer title back to your name.Keep in mind an important factor, when you asked if you could have permission to transfer the title to your entity, you are asking to do something that goes against the rules of the bank and when you ask the bank employee, they MUST tell you no.

According to the latest docket entries (as of today) it appears that the case is still pending, and the debtor has not yet appeared in court.So, as a cautionary tale, be careful about who you invest with and how.

Your story of buying from a guru is a common tale around here.

In other words, you have no investment on which to calculate a return and so it is not possible to calculate an IRR.I wrote an article about this waaaay back in 2005:http://realdata.com/blog/rate-of-return-on-no-money-down-and-other-tales-from-the-deep-woods/

Anyone know one of these or are they just a fairy tale.

Recently, there have been some tell-tale signs that the REO-to-Rent strategy is experiencing problems.