Some individuals are having a difficult time.During the real estate boom there were still people not doing so well.This is because they made bad decisions and are suffering the consequences of living too high on the hog during the boom.This is the kind of economy that will create many millionaires, take advantage of this time because there is plenty of money to go around.This is just a natural thing in the economy.It is called a correction in the stock market.If you believe the doom and gloom of the media your doomed anyway.Our economy is the strongest in the world period.The question I have Is there food on your table a roof over your heads and cloths on your back.Hmmmm I guess your not so bad off.You just have to give up a couple of luxuries.Maybe you can;t afford that new model of 10,000 inch plasma screen TV oh well.If you have the neccesities and your family there is nothing to complain about.My wife is filipina and i have been to the philippines.

One is sold and when 2nd gets sold, owner will turn over to association to members.

I know I can do my own math but I would like a paper napking percentage that I can have in my head for south Floridas insurance and high property value taxes.Zach

There are a few hours remaining in June, but I thought we'd get a head start and post the July Goals Thread . . .For those of you who have been participating in the goals threads, I hope that you've found the act of sharing your goals to be useful in attaining them.As always, I'll reiterate how important goal-setting can be in achieving success in real estate and real estate investing.So . . . without further adieu, lets kick things off and start sharing our goals for the month of July!

Cameron,Certainly head over to the rentals and landlording forum and you will find a ton of useful information to get you started.

When a prospective tenant calls you can chat for a few minutes to determine if it is a good fit for you and them.Once you describe the property, the rent & deposit requirements and any qualifications that need to be met (credit, pets, lease term) be sure and ask if all this meets their needs (and yours).If yes, absolutely give them the full address so they can drive by or go ahead and schedule an appointment to show it.If they say it doesn't meet their needs then no need for them to have the address.Be sure you have their phone number and call to confirm before you head out.I have had success with Craigs List, sign drive bys, newspaper, MLS.Communication is the key!

I'd say go for it full bore on your marketing, unless there are homeowner association rules against banners or signage.

If you plan to advertise, there will be a cost associated.- $25/month in accounting fees seems low, but let's assume it's correct.

Is there a local Real Estate Investing Association in your area?

Some states do not require monthly meetings, and some associations have only a few a year.