But you're earning that by doing the job, the property is not producing that income.

If you are eating beans everyday and have nothing to spare, get a position or work that pays better first, RE is not an immediate income producing activity that can be entered into without a dime in your pocket.

So, fixing it first and getting it move in ready MAY produce the higher net return.

BenThe idea of getting the kids involved is a great suggestion.We started with legit documentation of gifting each year etc from birth.Then as a high income producing property became avail, & they were 18, we would let the kids assume ownership & take the income.

If it produces the income you are looking for in an investment then it really comes down to your comfort.

It's an investment I understand, that's real, and that produces cash flow while it grows.

Prior to jumping into investing in real estate, or anything, I recommend a lot of education.Be the smartest person in the room.I recommend the books and audio tapes produced by Jimmy Napier - jimmynapier.com.

who do you suggest to use to produce the leads and approx how many household should one generate leads for?

They built up the business to produce close to $1million per month in sales.All had the ability and money to do this on their own.

If the lien had been some other type, the Seller might not be aware, that would not produce any damage either.