Everything from:(1) contract a property manager, (2) analyze lenders apples-to-apples, (3) engage your contractor (and I've even included a document for your contractor to use to provide you itemized bids on work - no more guessing what you are paying for), (4) a lease agreement, (5) a "checklist" of business incorporation items to launch your real estate LLC and (7) even a BRRRR deal analysis spreadsheet so you can know right away if you'll be making a great deal.These legal docs are enforceable in all States.

Find a motivated seller in that area you can buy from at a good price, tack on your assignment fee, flip it to a cash buyer and get paid.If you see from your MLS search that cash buyers ate paying $50,000 for 3 bed 1 bath homes in a certain area, then you know the price you get a property under contract for plus your assignment fee need to be no more than that amount.

 Rules of the road in REI Cash - no repairs needed- no more than 80% of good comps or FHA appraisal (think like a car dealer reselling car)Cash - repairs needed - 65% ARV - repairs Terms - no repairs - sub2- no more than 90% ARVTerms - needs work - seller has equity - sub 2 - plus note, no payments on note, single payment due at maturityTerms - pretty house, no equity - most of the time, lease with option to buy then assign for feeK.

Based off of this thread you seem pretty well versed in the Albany region...i'm curious to know what areas in Albany you think could be good for a green investor such as my self ( I currently have about 20k saved up and my immediate goal is to purchase a single family or small multi family house that cost no more than 50k with the intention of renting it out to students). 

I am looking for single-family home REOs and short sales no more than $100,000, ideally around Bexley and Gahanna. 

So if I don't have any additional coverage for a termination clause, the statues actually spell it out and say the tenant has to give no more than 60 days notice and are responsible for liquidated damages to the tune of 2 months.

We will pay no more for loss of, or damage to that property than the proportion that the Limit of Insurance under this Coverage Part for the property bears to the Agreed Value shown for it in the Declarations.b.

You have to comply with the process which includes registering the offering and submitting the advertising to the regulators, notifying them when advertising is to begin, and when it has concluded, and you have the burden of proof that all investors are accredited (no more "check the box" accreditation).

I think to make it much simpler is to 'wrap' with Inga and L/O to Gertrude with no more than a 2 year term.

Steve, download the free firefox browser and you should have no more problems.