Mainly because how can ANYONE know that this property won't depreciate, leaving you holding the bag?!

As well there are municipalities that really don't give a s**t about LLC's and they go up the chain of ownership and as soon as they find the first human on the papers, that's the guy left holding the bag. 

:Because he is a sleeze.I just knew someone was going to say sleaze or sleaze bag.  

Stressful at times due to the uncertainty and rewarding at others when you score a deal or pack your bags and go.

As you probably already discovered SA is a mixed bag and many (most) of the wholesalers are way off on their numbers.

Im now prepping my computer bag with lease option contracts, purchase and sale agreements, joint venture agreements, and any other contract that I may or may not use in the future..

But, every time I go to bat-I strike out :(   I'm I the only one, who has no mentor, just enough in the bank to cover bail, if necessary ( Just joking about jail ) and can not get funding or backing, because the stars and cosmos don't line up in my favor, for stealing a kid's trick or treat bag 40 years ago?

Also be sure to collect a significant earnest-money deposit from your buyer to deter him/her from backing out of the deal at the last minute and leaving you stuck with the bag.

These are what I like to call recycled product, which usually has a 5 - 8 year shelf life or in better terms the game of hot potatoes- who or which investor is getting stuck holding the bag.

but no one elseThis is what stopped my out-of-state plans for expansion, as I wanted to create my own Property Management firm.The current PM is your EMPLOYEE (and that's a bag of worms by itself) unless she has a business license (at lease a DBA)Regardless, at a  minimum, you need  a formal agreement between the lady and yourself AND to serve notice to all current tenants of (a) your ownership and (b) your contact information.