Better to have everything spelled out ahead of time when you are both optimistic and friendly in a nice, fair agreement.The LLC is a good idea for several reasons, liability for both of you and you can bring in other members later if needed as per the bylaws of your LLC.  

Hello to all this is Lavell I’m a newbie not only to Phoenix but also to REI.im very optimistic about AZ and highly look forward to networking,connecting and meeting new friends in this real estate game.im in the beginning stages so I’m still learning ...so please reach out and let’s start connecting.

In 2005 the boom was more universal, the general economy was better and the consensus was more optimistic. 

A rule that is pretty optimistic and that you'll probably rarely obtain depending on the quality of rental and tenant you're looking for.

This frequently is a case of overly optimistic investors looking at a deal from a best case scenario.

You start out with optimistic expectations and the low ballers really offend you.

my plan is to buy a relatively low end home for cheap with a 25 to 40 percent down payment and rent it out using a management company. my hope is that by doing this it will be less of a struggle to create cash flow and minimize my risk of buying a property that ends up costing me money. i understand that i could better leverage my money by buying a more expensive house with a smaller percentage down payment but im really more concerned with learning from this first home than maximizing my returns.so if you have any criticism or ideas about what i should do i would really like to hear it.ps - i am already completely intent on investing and plan on doing so in the near future, and im very optimistic about my ability to suceed in investing.... so please no replys trying to get me over the fear of buying my first property or motivating to do my first deal or get started

Even that's really overly optimistic.

Originally posted by Fran Fagen:thank you Shana--- appreciate it I am going to keep trying-- tough, but I'm going to try to stay optimistic Fran I filed a complaint with Better Business Bureau, and am looking at Attorney General's site.

That does seem very optimistic but the old "gotcha" comment is with a couple of deals I make my $15000 back right away.