So, there's still a manager involved, as well as the investor who master leases the property from you.Why not buy into a REIT or apartment company if you want that level of hands off investment?

Also they will provide all areas of advertising that do cost money, like signs, flyers, listed on most popular websites, realtor tours, etc.I have also found that potential buyers responding to FSBO ads are looking for "a deal" and think with no agent involved that is what they should get.

What have you been involved in up to now, and what are some of your real estate investment goals?

I have good income, about 250k/year, with plans to double that in the next year. .Why would someone with good income want to get involved in Real Estatein today's economy ???

You need to KNOW what work is needed, what is typically involved, and you need to track it fairly closely (you don't need to count screws, but you better have a good idea of how much paint is needed per SF, and perform at least some rough job costing!).

Thanks for getting involved here on BiggerPockets.

Was previously a licensed mortgage broker, although my license has since expired, and I'm no longer involved with mortgages.

This deal has taken us about 6 months to get to this point.Best advice: get a good Real Estate atty involved early on (as soon as the seller accepts your purchase price).

`(g) Appraisal Independence- `(1) PROHIBITIONS ON INTERESTED PARTIES IN A REAL ESTATE TRANSACTION- No mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, nor any other person with an interest in a real estate transaction involving an appraisal in connection with a mortgage insured under this section shall improperly influence, or attempt to improperly influence, through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, nonpayment for services rendered, or bribery, the development, reporting, result, or review of a real estate appraisal sought in connection with the mortgage.`(2) CIVIL MONETARY PENALTIES- The Secretary may impose a civil money penalty for any knowing and material violation of paragraph (1) under the same terms and conditions as are authorized in section 536(a) of this Act.

I hope whatever you are involved in works well for you.