I am doing a rehab on a house that is less than 5 miles away and I definately would not consider doing something that far away unless I could be on site to make sure it is done right.

One of the most important aspects to these is exactly as you alluded to and that is the 'exit strategy'.

And they're not all "how i got rich quick in RE" type stories either - they're real life stories.I would highly recommend this book to anyone who wants to start investing, but doesn't really know how to do that, or what to go after...This is perfect for those folks, and it's a pleasant simple, entertaining read that definately won't put you to sleep!

Also, I would definately leave a copy of my contract.

she keeps it in PERFECT conditionWhile "perfect" was never defined in my lease my rentals always looked like the tenants showed "pride of ownership", which is a pretty good standard.And I am okay that some people chose to live like animalsMe too, but not in MY house.I am concerned about the neighborsQuit being concerned about the neighbors!

It's hard to do , but you do need to carefully define your goals and the "why" behind them, and then own the attitude that says I'll do whatever it takes to get there.

Definately not good news and Fannie may follow the lead.Just one more hurdle to jump through as RE investors.

There are several experts in most every aspect of REI on this board.

I'm a newbie in the Los Angeles area looking to build capital by wholesaling and assigning property to more experienced Investors, if anyone can shed some light along the way I'd most definately be open to having a mentor whom I can refer property to and we can both make some good $$>.

But I am sure as experienced business people in this industry, you all know the educational and mentorship aspects of the business are just part of it all.