I've found unparalleled importance in attending as many REI events as I can - it helps keep me focused, excited, and pumped up.

I [almost] never offer a land contract or seller financing because, in the event of a default, the seller will have to foreclose in our State vs. with an option, I can simply evict just like a rental.I have done a few low end contracts recently, however, with 40%-50% down [which usually covers the initial investment].  

It never occurred to me that there are people that do not qualify for Section 8 and live only on SSI.

Or come to OKC and come to ours... there are 2 here - both on Thursday nights.Here is one of Tulsa's (You can find through Meetup.com - just search under real estate)http://www.meetup.com/TulsaREIA/events/223400007/Use the forums to help you analyze a deal, but as soon as you can... buy a property!

The paperwork is not that different from normally held real estate and the only taxable event would be if you financed the property and then sold it at a profit.

Some trusts can also protect assets in the event of a bankruptcy or lawsuit.

If an injury occurs in the course of their job then it will stop there.

I got a major equity stake and was president.. ran that for 6 years.. 50 million HML in Bay area.disaster struck in 1989 to 1990  and I sold out in 1992  remember earth quake and war.Bay area took a huge hit then.I then through a sheer luck.. met my future bizz partner around the pool in Maui.. and I got in the timber business in Oregon I lived in Napa valley and commuted form 92 to 2001.. that was a GREAT run and one of the best business I have ever done.went into buying foreclosure in Oregon in 2001 it got uber competitive when trustee info become available on the net.. moved those funds back to HML  ( in those day I just wrote a letter ot the state and got a Mortgage bankers license no test required)  ran that company up to 35 to 40 million then got my postier handed to me in 2008 to 2010 and then put together a company to buy distressed assets.. ran that up to 350 homes form 2010 to 2013 got bought out and had a nice liquidity event.. now I just build houses in Oregon and Charleston and do JV deals with folks in 12 states.

At least yearly property visits aren't occurring (remember this can be a write-off so use it as a mini-vacation), and 3.)

Yes, most lenders can get a loan done in 30 days, but the problem is the title work, etc. that generally occurs After loan approval.