Do you think the new administration and Congress are improving or hurting the economy?

I was born and raised in Norway, but traveled to the States some years ago where I completed my Bachelor in Business Administration.

You need the property titled in your name to;a. make repairsb. carry out legal matters (such as permits, notices, evictions, law suits)c. insurance requirements and administration of claimsd. tax advantagese. ability to contract for repairsIn other words, to do what the owner will be relieved of except the receipt of the income.First solve the sellers needs.

It's simple and easy to create, administrate and manage, I've been working with trusts and estates for decades and see both sides of the matter, in addition to my own trusts, for which I have many.I see several areas of concern to consider.

{The longer we do this, the more we are an accommodation services provider - or even lifestyle services provider - and not your traditional landlord}.The slumlord approach of cramming students into a dilapidated house is {thankfully} a passé notion as students, in most locations, have choice these days.Renting by the room can produce higher revenues than renting by the unit, but it also comes with more administration: tenants have individual relationships with the landlord and not with each other - as a consequence, you (the landlord) will have to deal with housemate drama.  

You may ask (Insurance, W-9, References, if they worked with investors before, a copy of a report sample)You want to go through this vetting process, you want to be able to utilize the experience of the contractor and the people around you to insure you are capturing all there administrative actions insuring you are able have as many controls as possible.

I recommend you work with a team of professionals you trust to help you set up the LLC correctly, to invest and document such transactions accurately in the eyes of the IRS, and finally to set up your IRA with an administrator or custodian that you trust.

I'm primarily responsible for acquisitions and he's primarily responsible for marketing and sales (he will also deal directly with the contractors on rehabs while I handle the administrative details of the rehab).

You have local administrators who take a tenant or landlord "friendly" approach to inspections.

http://news.yahoo.com/s/ap/20090304/ap_on_re_us/asteroid_close_call The GOP leadership put out a statement that this is just another example of the new administration leading us to catastrophe.