Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

Hate hearing that it didn't work out for you on that one.

The problem is that it take far more effort to LIVE that dream that it is to wake up from that Dream.I teach Real Estate Investing on the side and I will tell you 95% of the students are sitting in class dreaming or pretending that they are improving their lives just by attending the class.In the end, they don't really study.I give a Spreadsheet exam at the end of a 12 week / 1 class per week session on building a 10 Year Pro-Forma business plan for your Real Estate and I will tell you 95% fail out right.Being in class is more about dreaming than it is about putting in the effort to learn the skills to be an Investor.

I am sure it will all work out for you in the long run.. we sold ours and made a tiny profit on each but its better than a loss right ?

I attended some webinars, had a strategy session and decided I could do it on my own, without the patented calculator.

I would like to work out a payment plan whereby they pay me while I have control of the rights to the mortgage then in 10 years I pay off the principal.

We had to work out some metrics for how to vet and when to offload brokers because we would get spammed with trash deals or be competing with five other lenders whom the broker was pitting against one another.

Your first hire is unlikely to work out though, was you won't have a good hiring system in place. - So, recommend having that first hire document the crap out of what you want them to do.

Those occasional lunch/coffee sessions probably won't be enough unless some experienced investor is willing to be harassed by me every single week.

We rightly point out that an investment not meeting target returns does not necessarily indicate fraud; that any investment outside of US treasury bills is a RISK and a percentage of investments don't and won't work out as anticipated; and that leveraged real property investments are higher on the risk scale than a lot of other investments. 2.