If they see any pitfalls you might be approaching, they should give you a heads up.

Saw a (newly listed and attractively priced) rental property with tenant whose lease expires 4 1/2 months from now. The current owners live in another state, 10 hours away. Property has been owned by this couple since...

It's an eBook with a wealth of information on setting up these plans, including many of the rules, pitfalls, legal interpretations, numerous links, as well as a sample LLC operating agreement useful, apparently, in Arkansas.

Obviously we will have to account for additional hard costs, time, and holding costs but are there any other pitfalls you have seen personally with additions?

By going through the journey "together but separately" you get the benefits of having a partner without the pitfalls.

Others will likely argue that they are the same however lending on estate assets has many, many pitfalls.

One day, I would like to be a full time investor, and be financially independent.But, with the current challenges in the market right now, I am hoping that I will be able to "pick your brains" and obtain some key pointes / pitfalls to avoid.Again thx and I look forward to working with everyone.

Can anyone see any pitfalls regarding doing this type of loan with a foreclosure (REO)?

I've also decided that I will not deal with section 8 or lower income tentants because of the potential pitfalls.

What's the lowest price point here where I can expect to minimize ancillary hassles and pitfalls, but not be paying through the nose on my very first investment?