i watch friends and relatives do it and i got tired watching.

But, there are some things to watch out for.Sometimes "five units" really means five separate units each with their own kitchen and bath.

Watching rental house ads in the paper, I see them come and go in a couple of weeks.

We were considering dividing ownership when it comes time to sell or move by keeping track of all downpayments, mortgage payments, and maintenance payments and calculating a strict percentage of property value.Could I please get some feedback on lending possibilities and things to watch out for, as well as models for determining percentage of home ownership in a joint situation?

I've been sitting for a couple of years and watching newbies snatch up "deals" that I wouldn't have driven across town to look at, and my town is waaaaaay smaller than yours (about 6,000 people).Be ready to jump when you find something that's enough below market to make it worth your while.

I hate sitting by and watching others make the real money and grow equity.

I watch you-tube realestate clips, ( PowerHouse ), every "flip-this-house", "flip-that-house", "real deal", "your first house", " this old house" anything with decor tips, anything pertaining to home contruction to concrete..

If someone can suggest a hosting site I will be happy to upload it.You can see a small part of it on You Tube:http://www.youtube.com/watch?

If you want to throw stones throw them at the Feds who have a wreckless agenda.Whatever you do please do more listening (watching) and less preaching.

Sounds like a typical case of an amateur watching a TV show and thinking it was as easy as they make it look.