Turnover, plain and simple.A vacancy in a SFH will be easier to re-rent (in most situations) at the same price-point.

Knowledge, many are plain stupid and get by on the above assets, otherwise, being knowledgable giving good advice is almost a last issue.5.

the apartment is in white plains, which has much lower taxes than everywhere else in westchester due to the commercial base.. thats the only thing that makes this project even financially viable.

Most states require the penalty to be spelled out in plain English.Just as the other advice herein, you'll still need to be in a position to buy something.

TX, well, CFDs are illegal, plain and simple, and lease options are difficult.

Honestly I'm not too worried about that.Piecing those two posts together it is plain to see that J Scott as well as many others do have a valid point when they say that what you are proposing is in fact mortgage fraud.Only AFTER the words mortgage fraud were thrown in did you backtrack and say that you did in fact live in your original OO loaned homes.

Surrounding yourself with people who are actually doing what you want to do, finding mentors that want to help you for free and, yes, plain old trial and error are perhaps the most practical way to go.Probably the best thing for someone with $15k, is to buy a ton of books and cds related to business, success & real estate, some quality business cards, one nice suit and gasoline to drive to events.

Mike Franco, I absolutely spell out in plain english which are renter's and landlord's responsibilities in a custom addendum that I attach to my rental agreements.

It was only AFTER signing that my landlords became just plain weird.

That's just plain silly!