I'm afraid your analysis is like comparing apples and oragnes, comparing operations of a REIT to those of another type of RE investment.

(Later during the keynote, Jobs even asked bloggers in the audience to turn off their mobile Wi-Fi hotspots ... a request greeted by a chorus of boos.)End Quote.Can't wait till Apple and Verizon can team up.

Slums are a magnet to those undesirables as well, drifters assume such areas are not taken care of because owners and tenants don't care.

This could be a great opportunity.You are welcome Sam, but I would have jumped in anyway since I don't want a few bad apples to spoil the bunch of us!

The contractors go out to the property and bid it all out and I get to compare apples to apples.

[The landlord is the property owner]As of now; (only one bad apple) roommate has had trespassing guests (entered house through back door at 1am without him being awake); gas stove left on all evening multiple times and general violent/aggressive mannerisms.

I'm posting this just as much for you as for other investors that come across this subject.I will admit our skin has gotten quite a bit thicker the past few years as we have had a "few" of our tenants try and make things difficult when they decided not to exercise the option to buy.That did come across is some of my answers.What did save us from legal issues is that we run a very clean and ethical business, we work with our tenant's to get them bank financing, and we have a very good attorney and solid contracts.Now that is just with a few bad apples after doing it for 4 years and with the current market conditions, I see Lease Options and Owner financing as a very legitimate, and practical way to help out these buyers who are losing their current homes.In fact, some of the rental companies will not even rent to them if they have those issues on their credit history, so where are they going to go?

My answer: Teach yourself what a good deal looks like.My wife knows when eggs are cheap, and when apples are expensive.

Panasonic P2 camcorder and Apple Final Cut Pro for editing.

Have attended a few REIA groups here in the big apple and that was interesting for sure.