It can get hit by lightning, struck down by a meteor, or the local market can decide to take a giant and unexpected, unpredictable 60% value hit (AKA, The Black Swan Event) - in which case, your best projections go out the window and you will not gain more currency upon the transfer of your asset no matter what you want, wish, or how many Buddha bellies you rub at the Canton Cook restaurant.

Ravi Veer,I highly recommend that you avoid this situation as there seem to be "too many cooks in the kitchen".You have to remember that you cannot contribute more to fix something than your IRA, Your friend AND Your friend's IRA.

This one isn't a requirement (for me, at least), but it's nice to have someone who can do minor fix-it tasks.

How does Lake County, IN compare to Will County (IL) and south Cook County?

Just want to say I really appreciate the quality of material and people on Bigger Pockets.Contact me at [email protected] or 503-339-6954Thanks

So, I've continued to think about and study this topic and I found this article by Steve Cook that was very interesting: http://www.biggerpockets.com/renewsblog/2013/01/30/cloudy-understatement/It seems to me the two biggest risks to a long term flipping business are a lack of deals or a downturn in the market.

You can email me at [REMOVED] if you'd like.

If I walk in and their key is being used to heat the house (no cooking happening), they lose their key.

wouldnt this property give me at least 10% cash on cash return?

It just worried me at first because it kept saying no results for any 2-4 unit properties in the cities I was searching in even though I know that there are many.