The separate agreement can be very simple but necessary in case ever needed in court.

There is no way this property will ever produce true positive cash flow if held long term.Tell him to sell now before th emarkets turn and he loses his equity.

Any property valued at 330K with rent at a measly $1600 will be so deep into negative cash flow long term that you will lose more money that you can ever imagine.

That more than replaces the contribution we don't ever make anymore.

Plus, I keep all documents that have ever been signed by me or them uploaded using their file system so at any time, either party can access their lease terms or rules and regulations quickly without having to dig in a drawer to find them.I highly recommend for a first time landlord.  

My first buy an hold opportunity..Triplex - Fully occupiedlisting price $170,000 (DOM: 73, CDOM: 257)Unit A & B: 2/1, Unit C: 1/1All 3 units rent for $550 (room for increased rents)*Seller is willing to carry back...

I came across a Craigslist ad from RX Marketing and Holdings based out of California. They are asking about prospective Property Scouts. Is this legitimate?

You will need to come to the states, on the longest flight ever, and explore yourself.

If so, has anyone ever used this strategy?

One of the most knowledgeable, professional & reasonably priced individuals I've ever paid in any field.