Some systems may not have a proper or common account or chart of accounts that applies to RE, but knowing the applications of such accounts, you can still "slot" an item to effect the proper accounting even if that account name might be different.......hope that makes sense.

I would by all means buy in SR a 4 plex .reasons are1. 3.5% fha owner occ... nice to get into a CA rental for 3.5% down2. you can rinse repeat annually until you have used up your 4 mortgage slots. there by owning 16 doors in Sonoma county all with 3.5% down on each.. does not get much better than that for N.

For your first visit, plan a 2 hour time slot.

To my mind it feels a bit like a slot machine.If you do think the area is ripe for a huge boon, wouldn't it make sense to take that same money and buy a property that DOES cash flow but also shares in the potential upside?

You'd fill up slots for Dallas and Orange County pretty quick, but further locals like Knoxville might take some time to get built out.It would absolutely be a resource for people coming into BP months and years down the road.

Nexus 5

I will do that - I just didn't want to take up a slot that would prevent someone else from attending, since I knew the time wouldn't work for me. 

I only have 5 slots left for the winter of 2015.Email me off this board [email protected] is what you learnhttps://reiskills.wistia.com/medias/suf8kdjzbxYou must have capital.  

It's a theives paradise, just like the slots market.

Ivan,You posted in another topic about an inheritance.I commend you for not going and buying a bunch of crap with it but wanting to invest it.I have seen some friends inherit large sums of money in the past that the grandparents and parents sweat blood and tears for them to have and did without to give them a chance at a better life.The friend was irresponsible and lived "high on the hog" for a few years and is now broker "working for the man".I think what you are underestimating is what it will take to do repairs correctly,the time involved,and how buying incorrectly can wipe out a large chunk of your wealth.Not knowing what kind of existing annual return you are getting on your money is a huge red flag.You have to compare the RETURN versus the RISK when moving money around or allocating a percentage of your portfolio of investments.If you don't you are "shooting in the dark" and might as well take a trip to Vegas and play the slot machines with your money.DON'T talk yourself into something and say "it's not so bad".That is what I am seeing from your posts and is the number one mistake of new investors.