I have a friend that inherited a bunch of land in my town which was later developed into a Dicks Sporting Goods, Khols, Target, Olive Garden, TGIF, Chillis, Verizon, GameStop, etc. the list goes on...

You goals become real when you write them down or organize them together like you just did.

We've ivy league, medical, HBCU, engineering, sports etc higher education right in our town.

A rehab and sale can take well in excess of 4 to 6 months.Lastly, lawyers and professional organizations can be expensive and eat well into your capital.

But yes Ben, for our future deals we would like a more organized plan, we just have no experience with this yet but would like that to change sooner than later :-)

, I love watching movies, sports (San Diego Chargers, Lakers, and BYU Cougars), and reading John Grisham books.Like a lot of others who live in Silicon Valley, with a goal of purchasing cash flowing residential real estate, I am trying to figure out where to invest.

That being said, you can weed out a number of tenants with a simple, organized screening process before they ever get to the application stage - this goes a long, long way towards minimizing the amount of work you have to do.As far as explaining the costs, you just have to tell your applicants what you said yourself - there are expenses involved in screening.

And if you're the organizer of the meet up, thanks in advance!

Listening to the BP Pocast, Show 5 helped me organize my thoughts a little bit.More reading!

I just joined a local landlords organization and they do "block walks".