> Lease Orientation DVDYou can easily create a PowerPoint Presentation going over each paragraph of your lease and house rules, as well as general procedures such as maintenance requests, trash pickup, definition of "Emergency", proper use of disposals and toilets, and whatever else your tenants frquently have problems with.

I put all that away incase of emergencies and the deposite for the option.

We are a new real estate investment group looking for equity and cash flow opportunities in the emerging real estate markets.

To protect myself I require a $3000 - $4000 down payment in case of default to cover expenses till I sell againThis money is not spent on anything and is placed in a high interest money market account only spent in case of emergency for that property. .I keep taxes and insurance current and add that money to their monthly payment.

If you buy a condo, make sure you get to see the association meeting meinutes and budget, so you can know what;s been going on - Do they have decent reserves in case of emergency repairs, like to the roof or siding?

I like the slogan "Live where you want, Invest where it's best" if you really are in a down market, there still are plenty of opportunities in emerging markets and markets that still are doing well.( I am not going to tell you my choices for obvious reasons)When you look at wholesaling in the big picture, it's simple matching up a "hungry buyer" with a "motivated seller".

My biggest road block is probably a combination of getting over the hump of acquiring my first rental property and having some cash/cash reserves in case of an emergency.

•The average age of someone who searches for property on the internet - 38•The Median Age of a text messager - 38•86% of of users who have a cell phone have used text messagingA quote about the text messaging industry:"These numbers are not unlike what we saw in e-mail response during the mid-1990's as the Web emerged an advertising medium," said Will Hodgman, CEO, M:Metrics, who also founded AdRelevance, the global standard for advertising measurement on the Internet.

This would include doing your research, exit strategies, emergency planning etc.

Also, regarding CDs or money market accounts, sure neither is great but you have to park your money somewhere while you are saving/emergency fund/getting ready to invest.