Generally, to establish that one person has acted for another in an normal agency relationship, there must be an agreement between two persons and one must exercise some control over the other.” the case is Xarin Real Estate v.

On a $2 million purchase, that’s $100,000 to $200,000, significantly less than if you purchased it with a loan.If the deal goes bad, you don’t have to exercise the option, so your downside risk is limited to your option money, time, and improvement costs. 4.

Exercise a little flexibility if the situation warrants.

If you can enhance your returns using leverage, all the better.  

It's a fun exercise to divide the replacement cost by your estimate of the items useful life to calc out how much you should theoretically have in your reserve fund each year.I'm a long ways from theoretical, but at least I know how far off I am.Best to you.

On the first Tuesday of each month, each county is allowed to hold a tax auction where you can purchase properties on the court house steps (not all of the 254 counties exercise their State given right). 

I currently exercise a buy and hold strategy, but have decided to do a couple of flips in between rentals to generate extra working capital.  

Also, it is kind of a fruitless exercise since returns vary by area.

The neighbors mentioned they were occasionally spraying the outside steps as the bugs were just spilling out.I'm the kind of newbie investor that gets really excited about the potential for a property - I literally spent hours at a time in my first rental planning out the rehab and envisioning what I was going to do to the property to make it look great - exposing brick, reconfiguring upstairs layout, enhancing outdoor space, etc.

When you're getting started you've got plenty of time to go visit people and its a pretty good exercise.