If he's a winner, he'll make it with or without you, and you can team up another time when you've got a little more experience under your belt.

Consequently, it's virtually impossible to get to the properties when it's snowing so we try to prepare the tenants to help themselves.If we had regular snow, we'd do a snow blower and clear after the bulk of the snow was done.

If you were a veteran with dozens or more deals under your belt & experience dealing with tax liens, banks & the foreclosure process, etc. then it wouldn't concern me quite as much.

The .1% is the experience you need under your belt.

Looks like you have some units under your belt which is great.

You said you have 5 paid off rentals, goodness man...you have some great tools under your belt that you have no idea are there!

What would be a good strategy for a listing agent to secure listings when they have no closings under their belt as a realtor?

A C-class property here, with some deferred maintenance, you can find for 45 - 55K per unit.Now, there are places in rust belt, through Chicago and Milwaukee where you can find multi-unit buildings running <50K/unit ... some as low as 20K/unit, but you will really need to know the area, the clientele, and the building to know if it is a "deal" or merely cheap.But, knowledge and practice will give you a deeper understanding of the numbers and how they dance together.

Thanks Bill GulleyIdeally, after I get a few successful deals under my belt, I would imagine it's a little easier to find other parties interested in partnering up.

Is there sufficient income to tighten their belt for 3 months, or possibly 2 months depending on when the first payment is due?