Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

The point is that if you ever find yourself involved in an eviction or a contested deposit, you don't want anything in your lease or that you've charged for that will make you look foolish in front of a judge.

WaMu was directly involved.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The majority of our expertise comes from experience and having a specific book of real-estate clients who are involved in a wide variety of activities.

But I am involved more in multifamily and hotel resort investing now.  

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

There are variables involved, and there’s of course skill and effort required not just calls.

With online access to almost every jurisdictions property recordings, lenders today use software that automatically searches property transfers for transfers involving their loans.  

There's many other options in real estate such as syndication and note investing depending on your level of involvement.