I don't have a lot knowledge with Real Estate, but ever since i started listening on Vincent's podcast a lot happen to my mind, each and every podcast is full of info the you need and what specially i observed is that it is not scripted, he is talking by experience.

I apologize if anyone felt attacked I was merely making an observation.

There's no point in having a contract with a tenant if you don't hold up your end and make timely and good faith efforts to enforce the terms.In our courts, the judges I've observed do not grant landlords late fees for previous months if no collection was attempted and documented.

(I'm sure he'd love to harvest some appreciation, but I have observed him in this financial relationship to be more about short-term thinking and instant relief from pressures than about any sort of investment mindset.)Fact: I am in the midst of selling two of my properties (with closings coming up this week and July 2)--and I am about to have a lot of liquidity until I reinvest.

First comes opinion, then we observe things to see if the things in our opinions are at all consistant.

Again-I am not advocating this approach-this is just my observation as to what is actually happening out there.

Really good observation and advice for others.

To Matt M;That was an observation not an alternative solution.Tim:California is the largest (Or at least used to be unless recently) the largest economy in the States so when the States in economic dire straits, it is amplified in California, by sheer size.

I know Buffet endorsed Obama (Although he somewhat cooled off recently) But where is the evidence of his connection the "Chicago politics" in the context of your observation of what is "Chicago politics"?

You could always appoint some other managing member into your LLC and give them signature authority on deeds, but I think that creates more problems than it solves.The bottom line is that an LLC gives you a thin veil of privacy and will keep casual observers from knowing who you are, but anyone with a little knowledge of the system will find out who you are.