For example, on Zillow, it shows this property was listed by bank on 12/21/2012 - but there is no price.http://www.zillow.com/homedetails/723-W-Las-Olas-Blvd-Fort-Lauderdale-FL-33312/43203838_zpid/However, if you press the "View Complete Details" button, it takes you to Wells Fargo where it listed an agent, but the status is "Coming Soon" and price TBD.http://reo.wellsfargo.com/WBREODetails.aspx?

On the capital side, it's talking with investors, the press, giving presentations, etc.Finally, about a third is responding to emails and phone calls, which really boils down to the above two-thirds, I'm just not sure how it's really divided among those categories because I don't track it that closely, and it's different every day.I typically leave the office by 6:00 PM, then go home and check in with BP and some emails on the trusty iPad, and even some occasional work projects.

I only get one chance at a "first" deal, and I know the first one is the most important as it could make or break a first time investor.Between working full time, and attending school full time, my time is a little pressed to do my due diligence for each property I'm interested in.I'm also looking into trying to intern or get a part time entry level job with a real estate office or property management company as a way to further pursue my education.

I follow the legal aspects of this to the letter (via Nolo press: CA Landlord's Law Book; But it's still not as thorough as I need.)

I highly recommend the self help legal books from Nolo Press.

I believe that you would be hard pressed to find a judge to enforce specific performance.

For all we know, he did it to garner press when book sales were down (the whole "any press is good press" thought).And as to whether or not he's a good teacher, or whether his ideas or good or not, opinions on that are fine.

Sorry for the long introductory e-mail, but I have a pressing concern.I'm located in the Bronx in New York.

There are both legal and tax reasons to have an operating agreement.I suggest the books by Nolo Press.

If the numbers work, then step up and take it down.In this market, things are so competitive that I think you'll be hard pressed to put in super low bids.