And don't forget to review the leases with carefull review of the initiation dates (not unusual for sellers to load the property with new and unchecked renters to beef up the numbers for a sale).A quality property inspection is essential and I ONLY USE HUD Qualified 203-K inspectors and rehab consultants, even for an 8 family (I should emphasize ESPECIALLY on 8 Fams as you have no consumer protections in this market and it is caveat emptor).

I went to college and I got a business degree that emphasized real estate.  

I also went to college, not that it is mandatory, and I got a business degree that emphasized real estate.  

So my answer to your question is when I can't get out and do what I love.GeorgeThank you George, and yes, I used to believe the same for the longest time.In fact, I have taught all of my children 'Do what you LOVE and the MONEY will follow'... and emphasized that's what's important.  

I like to do this with our student houses as it gives me a single contact and I do not have to listen to roommate drama.I would also emphasize that none of them can sublet, or advertise to sublet, their room/space without your prior written approval and that any changes to the lease require prior agreement amongst all lessees prior to bring the request to the landlord.

Possibly emphasizing on Wilmington still researching but I think Wilmington will be a big growth area over the next 5-10 years.

I couldn't help but take notes as Gary shared invaluable wisdom that I believe every investor should be aware of.Knowing Your Debt Terms: Gary emphasized the critical importance of understanding your debt terms during a recession.

If you want to provide full service and charge a 6% commission identify those "points of difference" and emphasize those when you prospect for new clients so that they know the value you will bring.

I have also had Fair Housing training that emphasizes the importance of a consistent process for all applicants.To alter my policies for those without a SSN would be discriminatory, and illegal. 

We both think the other one is kind of smart and our father has being a real estate broker for about 45 years and had a great way of talking to other people and made it look pretty simple and he taught both of us a little.I thought when I graduated college (in 1980) I could do the same thing and got a business degree that emphasized real estate.