The actual "lock up" happened when people started finding out smart people were betting against them in the form of credit default swaps. 

It's about the keys to the home.We get the keys, call a locksmith to change the locks.

Hi BP,I've been soaking up real estate books, videos and podcasts till it's coming out of my ears, lol.

Also look at @J Scott books. they helped me nail it down, but I recommend you keep track of everything as detailed as possible so you will be able to really lock everything down in the future.

Usually there are minor repairs, new locks, painting, repairs on the floors etc, and then we usually have a realtor who finds us a tenant property.I wouldn't let a tenant out of that responsibility. 

So If I do not lock it up under my company but simply refer the property to a buyer and receive a fee, I am illegally brokering?

I've spent a little over 1 milProperties are worth approx 1.7 That is a lot of cash to have locked up.

You have a ton of equity locked in there which could definitely help you get a solid portfolio going here in the states (where you'd only have to buy your props once lol). 

I play it by ear with each deal.

I think the key take away here is that the Cap Rate is way to low for the level of risk even though the tenant is locked into a LT lease.