Thanks for the information, I will be checking out the Simple Life Retreat.

Security deposits have to be held in an escrow account disclosed to the real estate commission which requires a yearly report and all leases need to disclose your license information.

@Jordan Hamilton it’s a lot of information to type out here to be honest and depends on one’s situation.

I do not need information about how to do it.

Hello All, Just getting into the real estate world and looking to get better informed and learn from these forumsStan

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Quote from @Sherief Elbassuoni: Whenever I have cash, I put it as a downpayment for a new rental.Even if you got 4-5%, this is less than inflation, so your money is loosing valueMonth over month inflation is more current information than year over year...and it has been near zero in total for the past nine months and negative for 5 of those 9 months. 

I am cutting out 2or3 middle-men; a sales rep, a GC, maybe a sub-GC because yes there can be layers of GC's depending on who your hiring.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

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