.- On more than one occasion I have seen homes that were updated and between tenants get ripped and stripped of all the copper and for $30 worth of metal, the thieves caused $10,000 worth of damage.You will find that in better areas, this does not happen as much, but it still happens.  

Both principals of the property management company have told me over the phone, and on separate occasions, that their tenant qualification criteria and screening process was far too "soft", and their plans going forward (2014) were to make them much more stringent.

**I invite friends out to beautiful Lake Merritt for a drink instead of going to the bar.I skip cable and satellite TV and watch things on occasion on Hulu.I have always received free furniture off of Craigslist or from friends, in decent condition, but of course never really what I wanted.MY RECOMMENDATION FOR OTHERS STARTING OUT WITH LITTLE CAPITAL, OR DON'T HAVE THE EXPERIENCE OR AGE, PUT YOUR MONEY TOWARDS RE INSTEAD OF "NICE STUFF!"

I have on occasion added $5K a year on bad years but I am in a position to do that.

On more than one occasion I have contemplated moving all except $1000 into my brokerage account, but I don't do it because I have a fear of needing the cash for an emergency in a short time period.

When it came time to close, I had spoken with him as well as with the contractor on several occasions and I was comfortable moving forward.

That said I strongly believe they are at or just below market price on most occasions.  

The people I mentor certainly aren't required to do deals with me or give me any percentage of deals they do, but the network is out there and does on occasion work out where I can do deals with people I mentor.2.

By definition an individual buying for his or her self interest will be a "broker" when, per the proposed law's text "engaged in one or more of these practices [buying, assigning, selling] on 2 or more occasions in any 12-month period." 

What are you relying on for your opinion when according to an IL attorney:Public Act 101-0357 prohibits wholesaling without a license when a person or entity has participated in two or more occasions in any 12-month period.