I always buy on a subject-to or lease option (the majority of the time I buy on a subject-to) then I sell on a lease option.

Eventually, one homeowner transformed into 4, and before I knew it, I was getting paid 35.00 - 40.00 an hour instead of paying contractors prices, to redo these apartments.

I have been majorly lurking/reading and not posting much lately, but this site is a great resource!

When you have 4 rentals, you are in a position where all units going vacant at the same time (or another major anomaly occurring) is certainly possible and those 4 empty units could be enough to do serious financial damage to you.

You want bread and butter houses that the majority of people can afford.

Do a search for the article as I do not have the link anymore.There is absolutely no inaccurate information stated above, only a reference to a written article from a major news authority, my opinion on the concierge, and my opinion on how the newly educated investor remains on their own once completing the NR courses.

While I certainly agree that housing prices have generally gone up over time, the vast majority of new landlords pay too much for their property; can't afford the negative cash flow; lose a bunch of money; and are forced out of business.

I've sent part of the deposit back for a few others, and the vast majority don't get anything back.So the way I see it, as a renter, they pretty much have resigned themselves to the fact that the DD is just a formality and if they are going to trash the place they will regardless of the 500 or 1000 I have as a deposit.That's right.

Typically, they will be involved with local RE related legislation and major cases.

If you are in a major city or town, that information is probably right there.