You can also simply split the bills (say a new tenant moves in, you tell them they will need to pay 1/3 of the water bill back to you every month if the property is a triplex).

Say;  a separate company.  

So lets say a property has a purchase price of $200,000.Rule of two gets us $400 weekly rent.

I often hear people say as long as they're people are lining up to come to america we will be fine....

You say a type 1, which was every investor at some point in their life, should not become an investor?

As my grandmother used to say, "A penny saved, is a penny earned."

What if we decide to go down to the county recorders office and file the deed...not everything has to be done through a title company.And as far as a title policy...everything is taken care of in the short sale closing...plus, as a real estate investor paying cash, others can attest to this, we do so much due diligence before we purchase...how many can say a title policy is really worth anything?

Here's an example: Let's say a property is worth $100,000 and needs $0.00 in Repairs.

If there's no language in there to the contrary, the tenants have a reasonable expectation that if the ice maker breaks that it'll be fixed.I've seen some leases where certain appliances (say, a washer and dryer) are supplied by the landlord as a convenience, but won't be repaired if they break.

Kind of like a silent partner.Other than that there are hard money lenders but that may not be the right choice for you as this being your first deal wouldn't make it the best scnario.I can relate to what yoru saying though, all these great opportunities around but not having the capital to take advantage.One more thought, if you are a first time buyer and you buy say a 2 family you can maybe go FHA and owner occupy one unit and can put 3% down.