Rich, you did an excellant job summarizing the report.However, I do not see the need to worry.

Leaves little room for anybody to make money like that.So, to summarize, the margins have to be really good for me to consider this type of arrangement.

The member needs liability insurance to protect the business from himself.Mitch -As many time as this topic comes up on BP and as many times as I try to express this sentiment, it never comes out nearly as well as you just summarized it in three sentences.Thank you...

This article summarizes my view very well on how they are different.http://www.plantingdollars.com/personal-finance/being-rich-versus-being-wealthy/Someone who is wealthy has accumulated a certain amount in assets.

I ended 09 with 6 properties (1 with a partner). 2010 I closed another 4, and I've bought 1 more this year.Future/Goals:So to summarize my present situation, I've got 11 rentals, 3 were built in the 90's, the rest are pretty new built around 2003-2005, mostly on 30 year fixeds with a few on arms, and one free and clear.

So banks wanted to protect their lending business, thus the "due on sale clause" was brought to light back then (even though it was around for many years, it "came to light in the 80s").So to summarize my "long-winded" paragraphs above, it is my opinion that the "due on sale clause" will rarely be exercised by lenders, because they have no reason to do so.In other words if a loan stays current and their is no huge "interest rate spread", I see little chance of a loan being called.Just remember, lots of "I's" should to be dotted, and plenty of "t's" should be crossed, by a seller & buyer, to make sure these types of deals stay vibrant years "down the road".IMO, the key to these types of deals, is honesty, disclosure, transparency, and more (such as good luck!

The theme in the other post can be summarized by this quote in one of the posts of the other topic: "The auditor basically told me that anyone that is claim passive rental income losses above the 25k limit is being audited."

I would read, and try to summarize each subheading, and define each vocab word I came across.

I'll summarize where I think Jay's approach makes sense: FixerJay's target market is the lower (but not lowest) end of the rental market and he excels in demonstrating what to do and not to do in order to profitably work this market.Jay has several books and home study courses that are representative of the market he prefers.

To summarize- it sounds like people pay between 6.55% and 11% to their PM and are generally unhappy with the level of service received.