That's just what I understood from my friends there.

Depends does he want to be:1) Lender - Then a regularly amortizing loan pmt at a rate you agree on2) Equity partner - If he wants a share of the risk and potential for gain, I think I'd go for a min payment since he'll have the property as recourse (get someone that knows what they're doing to draft the agreement).Goal(s) in either case are protecting both your interests and clearly understood terms BEFORE you go into contract with them.

I have heard of places that require guests to bring their own, but I've never understood that.  

Hi everyoneIm kind of a newbie here...I would like to know any opinions regarding Robert Shemin plan, in general, and also due to the fact that Im considering long distance system which as I understood is part of their system.any insights regarding Robert specifically and regarding flipping via long distance operation?

If I were you I'd pass until I understood the local market much better.

I'm all for late payers (see my previous comments) but I never understood why my rent payments have to be tied to when they get paid. 

@Joe CarlsonI have never been self employed but the way I always understood it was that those with earned income payed into SS.  

What I understood you to say is that you pay all costs even if there is no money from rents to do so. 

Real estate Taxes  realm is not so well understood area for many investors and your blogs has provided great value to investors.

Unfortunately, I'm not surprised to hear of the issues in this thread. any one with any experience in the asset class understood what he was preaching was so far from reality as to be comical.