I already got a property manager engaged and he advised that I could rent the house for $1,800. 

Erdek from that other thread should be followed; don't give a private loan without engaging an attorney like John who is familiar with how to protect the lender.

So there is no question in my mind all these folks that think Hey I will just help these people and let them invest with me while I do all the work.. etc.. run a huge risk.. and for what to buy some low value asset to make a few grand a year.. not sure like I said why anyone would do that.. but I suspect its taught at some of the note schools.. and we know gurus are not on the front lines of what is legal and not.other wise there would be no reason for the bigger established players to create 500 series funds.. no need at all they would just JV all the notes.. easy peasy... in CA you can fractionalize notes legally without securities but you need to be a CA broker or NMLS or have consumer finance license all these states have their thing.. that was part of my problem in Oregon..

A good rule of thumb is, the more players involved, the more focused the target and strategy should be. 

Working on educating ourselves, building a network, and learning about our local market (along with some potential out-of-state turnkey options).Looking forward to engaging with the BP community! 

Trust the numbers and don't force them.In similar situations I let it go, tell the seller my last offer stands then let it sit for another month or six weeks before sending them a revised offer and re-engaging with them.Good luck, trust the numbers, they won't lead you astray but your emotions will.

You already received a great list from @David ThompsonHere's an abbreviated list from me: How long have you been actively engaged in real estate investing?

They are packed with tons of knowledge from some huge players in the market.

I look forward to engaging with you all in this forum & learning from our discussions.

A full description can found in the RCW itself and the subsequent Washington State Supreme Court Opinion on the Washington State Legislature website and linked below.Attorneys tell us "the penalty for engaging in a "pattern" of equity skimming that is set forth in the Distressed Property Conveyances Act is found in RCW 9.94A, as a Class B Felony, Level II offense", which can include confinement in a state correctional institution, fine or both.