Occasionally, I'm asked about two or more people pooling their resources to buy properties.

Pay a tuition for a degree that would take me 2 yrs and then who knew how long it would take to find a job or 2.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

If he is in fact well versed on the tax side of the real estate world, tell him he needs to find a better paying job!

My job and Direct2Deals is not to sell you on the dream of real estate investing..My job is to provide motivated seller leads to real estate investors at a scalable cost per acquisition.

It does not mean someone who opens a business, and doesn't necessarily mean your created or invented something new.It means you are First a Visionary, and Second willing to take the risk.Many people who are responsible, got a great job, saved money, and then want to run a real estate business - are very risk averse (opposite of Entrepreneurism).

I’m not super keen on having long-term tenants in a single-family home in California, but I’m open to advice on that.The house is in decent shape but could use new flooring, a paint job, and potentially heating and/or central AC, as well as blocking/taking out the existing fireplaces (don't love the idea of fireplaces in a rental). 

If you paid a Wisconsin attorney to draft this, they did not do a good job for you.

This is very important so see if you can stick with me here.A motivated seller is not someone that want to, needs to, or even has to sell their house (like foreclosure, tax liens, job loss etc. etc.).A motivated seller is anyone willing to sell their house below market value regardless of the reason why.So it is the willingness to sell below market value is what separates a seller from a motivated seller.Take someone in foreclosure.

I have a good amount of time on my hands after my full time job.