No offense (and I could be wrong), but the way you said that (and the fact that you've only been a member since yesterday) leads me to believe that you didn't really spend much time listening to the podcasts, reading the blog or reading through old threads.You will likely find it a lot more easy to find a mentor if you have a good base of knowledge and the mentor has confidence that you've worked hard to learn as much as possible before asking someone to spend time helping you.

No offense, but it's not necessary as I'd say they know what they are doing and if either makes a mistake, it's covered.The notice of legal action is irrelevant if you're buying it.

Yesterday when I came to talk to him about raising his rent to market value $1,800 mostly he went crazy, he was offensive and very pushy, now I don't want him there not even if he paid $5,000 a month.

Hi Richard, I am a Certified International Property Specialist who works with a network of the same "globally focused real estate agents"  this group would likely have all the resources and information you might need.  

My concerns are the following:1) I've never owned a condo and the idea of an HOA scares me2) I'm buying this from a "pushy" wholesaler (no offense to wholesalers) who wants to close quickly and not allow me to have an inspection period.

I'm not entirely sure what I'm doing blogging right now, as there is something on HBO right now called "Cannibal Cop," but something has been bothering me today as I begin my search for a small portfolio lender in my area.The innovators in finance, some of the great minds of our time have lost the trust of the public for so many different reasons, not the least of which is that, on the whole, they gave up on common sense.Bill Gates wrote an article discussing the globalization of the economy where he pointed out that  (you'll excuse me if I butcher his words through paraphrasing) the third world countries on this planet are often mistakenly thought of as essentially being void of financial activity.

I would have not taken any offense if the OP talked about her experiences as a landlord in he city.

Or you can have it in the lease as an offense that can result in eviction.Good luck, be firm about the damages (the molding and yard are not normal wear and tear).

-response/answer: not to oversimplify, and please if any other investors would like to comment, markets are generally global, yes individual markets will vary, prices, neighborhoods, single family vs multidwellings, commercial, etc, but globally, I would like to say, maybe not so boldly because I do not know everything, it is a buyers market. the market is in favor of investors even thought the market is starting to recover and prices are rising. now is the time to buy10. good luck to u!

They will typically be a bit higher in rate then a Fannie/Freddie Loan and most will have prepayment penalties, but they also only cash flow the property instead of doing a "global cash flow" like Fannie and Freddie do.