I've been to a couple auctions already and got a good feel for how they are run, but I still have some uncertain questions.  

@Barry Phillips The concern you express became an industry problem that was addressed about 20 years ago through legislative action.

Statutes may be modified during annual legislative sessions, so it is always prudent to check the most current statutes (see question #13 above).

Unlike the real estate cycle, the current state of the stock market cycle is extremely uncertain and volatile right now.

., when I said "appreciation gamblers", I was keeping in mind these uncertain times we are currently living in.

Of course I'd like to see results faster than that if possible.Things I am uncertain about:1 - Whether or not to separate the lead generation/prospect management function from the underwriting/due diligence/paperwork function - ie employ two part time people rather than one full time person.2 - Compensation structure for the lead generation person - pure salary?

I understand that a lease option generally must be of a specific duration, and I wonder if you could structure one contingent on the landlord's passing (morbid, I know, but more to the point it is uncertain when it happens).  

But, also when you cut our the US partner, be aware that both EU and Dutch regulators have posed strict legislation and oversight regulations for fund raisers and/or investment advice in the last few years.

Louis but the areas are involved in some non-favorable legislative disputes. 

They won't let you take $125k cash out of a property you are only into for $105k.Actually one of the VP's at a small bank I talked to said legislation is in progress to use only LTC for 10 years after purchase on all investment properties.