Every individual property is in a seperate LLC and as broke as possible, this limits the liability should something go wrong (lawsuit) at any one property.

i look forward to networking and am excited to absorb the knowledge from such helpful individuals that know the business - hopefully, i can offer help myself while i progress in this business and work to get out of corporate america as soon as possible!

I have no idea of what the individual wants for the building, but I was wondering if the same rules apply when looking at a 1-4 unit building as compared to a 12 unit apt building.ie 50% and 2% rules.

I could see bringing out a contractor to provide estimates if a) I were going to go through on the deal and use that contractor from time to time; or b) was looking at properties individually and had time to go look at each one and bring a contractor out.

Hire someone to teach you this game and youll be on your way...

Assuming the individual completed an application at some point, be sure to keep it!

Do they teach them this in school?

Actually, I think I compared them to a friend who tried to teach me to play cribbage.

Finding someone to train you to do exactly what they do and you end up being a competitor in the same area may be hard… Find someone in the next major town over… they may be more willing to help you and teach you knowing that you will not become their competition.

The following statement is from a weekly email that I get: "Credit contraction almost prohibits inflation, the real worry that keeps Ben up at night is DEFLATION which will certainly occur if banks are not recapitalized quickly and then find individuals and corporations that wish to borrow.