I'm sure many people have done this, but I'll bet that most of them don't fully understand why they are doing it, and many of them are losing money without realizing it.What's USUALLY in the back of their mind when they do this, but is often subconcious, is that they are COUNTING on the house to appreciate and/or rental rates to go up.

Not only are you dealing with normal rehab issues for a major project, but then you are also betting on the come.

Remember, each state establishes it's own reg and exemptions.In the end, I guesss your best bet would be to seek legal advise before pursuing PL for funding your deals.

However I bet money most of them are just looking for a cheap house and aren't investors.I dunno.

Like all cash just said non competes dont do a whole lot in RE.I have a feeling what the dad is wanting is not a non compete for one deal, I bet he is wanting you to sign something so you don't compete at ALL in your area.

I'll place my bet on loss of revenue for someone!

But I do bet hubby becomes much more supportive when your "dream" pays the bills in the house.

I bet most of your questions will be answered - if not, come back and ask a few more questions.Sound good?

Contractors that attend these meetings and set up tables advertising their services are a good bet.

I personally think a combination of a quick income producing strategy and a steady income strategy are the best bet to develop wealth in real estate