Like a house of cards (lol), my sophisticated idea crumbled and left me scrambling,  I ended up putting a large mortgage on my free and clear rental in '06 and paid them all off.  

Most people with cash to purchase real estate are sophisticated enough to search MLS.

This causes additional paperwork for him that he has to fill out (or he will pay some payroll company to do it for him).

December 24, 2008By Richard Adhikari: More stories by this author: A hacker got into the computer systems of electronic payment processing services provider RBS WorldPay, compromising more than a million customers' records.Formerly known as RBS Lynk, RBS WorldPay, which claims it has more than 20 years in the business, is the U.S. payment processing arm of The Royal Bank of Scotland Group.Personal and financial account information of about 1.5 million cardholders and other individuals, and the social security numbers (SSNs) of 1.1 million people, may have been accessed by the hacker, RBS WorldPay said in a statement announcing the break-in on Wednesday.RBS WorldPay describes the break-in as a highly sophisticated cyber intrusion on its Website.

(I'm not one -- a flipper that is, I am trustworthy, at least my dog thinks so:).One good thing about investment income is that it doesn't incur payroll taxes of 7.65%, as wages do, and may be excluded by your local or municipal taxing authority.Also, if you do buy property, you will get a depreciation benefit that will give you a larger pre-tax equivalent amount of income, compared to wages, and could possibly drop you into a lower tax bracket.

Check out the link below and look at how sophisticated, yet simple these scams can be:What is the Lebanese Loop and how can this lead to theft at the ATM Machine?

Although I agree it is less likely with assignmants, as you typically have a more sophisticated investor involved.

You can also structure it to pay yourself from you business as dividends or payroll.

.$4,140 Late fees/Application fees$204,240 Effective Gross Rent-$2,424 Administrative-$1,850 Marketing-$9,000 Manager Salary-$16,900 Maintenance Salary-$1,166 Workman's Comp-$2,331 Payroll taxes-$18,914 Repair and Make ready-$1,200 Service contracts-$11,400 Management Fee-$540 Pest control-$780 Electric (common areas and office)-$3,060 Trash-$19,020 Water and sewer-$10,316 Insurance-$23,211 Property Taxes-$122,112 Total operating expenses$75,803 NOII do not have a 9-5 job.

Like the previous posters have said some molds are easly 'wiped' up but others require more sophisticated methods of cleanup.