when i read "make sure you do your due dilence" what exactly does that mean? I know to have  the home inspected, and make sure title is clear (part of lawyers job),but anything I'm missing? for examlple, what steps do...

Hello BP,A trusted REI mentor of mine has come across a deal that would entail purchasing a 50+ group of rental homes from someone who is cashing out of the business.He and another investor would be purchasing the large share of the portfolio but will need to find a few additional partners for the remaining share(s).I am just beginning my journey in REI so I don’t have a much in the way of equity.

.-  Is there a version of the "owner occupied" in the commercial space and if so what does it  (or do they entail) etc?

I think I did "okay," but I need to improve more; be more assertive, free flowing, and be able to control the conversation. 

I have to figure out what all that entails, but I'd like to be taken seriously and feel this is probably a great step.

As I was listing the home and doing my Open Houses I started to get people's contact information and I just asserted myself (something I am not comfortable doing) and started to try to help other's achieve their goals of buying a home.

http://www.theatlantic.com/business/archive/2015/02/for-great-american-cities-the-rich-dont-always-get-richer/385513/I think there is a primary flaw in the assertion that Median wages mean everything.

Uninsured looks like you could get a 203K Loan to cover the costs necessary to close, usually, this entails over 5K.

Purchasing quality rehabbed properties in low income areas provides the income I require with the capital I am willing to risk.Those are some of the specific reasons I needed to abandon the local market to achieve my objectives.Regarding your assertion that "If that were true it would seem that Ohio and other Midwest similar markets would have more investors than they know what to do with while no of them would invest in New York.

Let me also add that I am a big advocate of owners/landlords doing it themselves for a while just so they are familiar with what X, Y, or Z might entail, and not get ripped off on bids, etc.