Having said that, the investor is in a weak position if there is financing because his interest will be subordinate to any loans.

Realistically assess your strengths and weaknesses as though you were reviewing the credentials of a total stranger.

And if everything stays flat, I will have purchased nearly $40k worth of property using only about $8k of my own money.As a stand alone property, it seems to be pretty weak for my situation.

Real Estate has many great books, but also try to learn your strengths and weaknesses.

In a weak market you might get away with trying to get part of the commission but in a hot market like we have now you are just hurting yourself by trying to take part of the commission.My opinion is, decide which is more important to you, being an agent or syndicating and focus on that but don't do both at once.

I would rather an investor own a 3 million dollar property at 50% LTV in a strong suburban to urban core location than own a fully paid off 1.5 million property in a weak suburban to rural location.

The credit report will reveal specific weaknesses... hone in on the ones that relate to being able to be a successful tenant.I wouldn't pass on them because of the reasons you stated.

@Daniel Smith  No problem on my end.... your thread started off weak but your firming it up nicely.. !!! 

Same with a tenant with weak screening and placing a tenant fast to fill up properties and claim income to try and sell at a premium price.Take the worst property in the BEST area.

As has also been mentioned already, the exit strategy is weak if your only hope is the cash flow.