That means as clean as possible -- as high a price as I can offer, no help with closing costs, no due diligence period, no contingencies close in 3 days (or as quickly as the seller would like).Even those offers are getting rejected too often...I couldn't imagine playing games and asking for more with my offers.Now, that said, maybe other markets are still buyer-markets and investors can still afford to do this...

Though I feel we will more than be able to afford the mortgages and any issues that may come from having the rentals, the bank may not feel the same way.

Until you have 2 years rental experience that you have paid your taxes on banks will not count the rental income towards your gross for calculating how much you can afford to borrow.

It was informative, but being still in college, I couldn't afford the fees to get into the program.

Not a practice I am condoning necessarily, however I know in the past this has been strategy of investors, i.e. buying the property in their personal name, financing the property via conventional loan, and then moving to an LLC for legal protections afforded by an LLC.

Why can't you own the property at first and then when your partner can afford it he can just buy it from you.

Unless it was sold once the rehabbed was done and the buyers couldn't afford it?

Nothing is fool proof, but simply owning low cost rentals where you can afford to drop the rent and undercut most of the competition seems prudent.

We can’t afford to guess, we have to know…In my humble opinion RE will absolutely need to be a part of your future.

Frustrating!