It seems too difficult to enforce.During my years as a tenant, I never bought rental insurance and I would have balked at requirements to do so.I was watching the local TV news a while back, there was a bad apartment building fire here in NYC, over 30 families was burnt out of their homes, shivering on the street.

New well, septic, and power in 2006.Very low taxes ($1200) and electrical.Fully furnished to include riding lawn mower, brand new bedding for 9, TV's, furnishings, and all appliances like new and included.Air strip and private boating launch access.Insurance $600 per year.Local property manager has 300 doors under management.

Purchase, furnishings, setting up and paying all utilities to include TV and internet, landscaping, marketing, booking fees, city/county/state taxes, etc.

It seems to me like if there is a way to structure the deal 50/50 then it makes a lot of things easier, but also takes away your majority ownership.As for the amount of cash for the amount of equity, I am thinking of the scenes on the tv show Shark Tank where the "Sharks" ask the entrepreneur how much they want and all do the quick math to determine what the entrepreneur has valued their business at.

@Kevin Cardinale, rehabbing isn't as easy as they make it look on TV.

Janessa,not saying it cannot be done, but i wish you all the luck. that is a good goal, but real estate is not a get rich quick thing like they show on tv. if you have enough money or happen to invest in some big apartment complexes' you may reach your goal.

There are properties that show up at auction that do go to investors, but its not like they show on TV.

Good evening BP,So after landing my first cash flowing deal, education and making some of the changes @Scott Trench recommends in his book; (going to one car between the GF and I, we're working on getting rid of the cable TV next and I'v canceled some subscriptions.)

I mean you could just lock up their Lear Jet and sell it at auction like they do on TV if they don't pay   :)

I rarely watch tv any more.