Inventory is low - we obviously don't know the area well - and, because of our career in house rehabilitation and design - we can't bring ourselves to looking at cookie cutter properties.Our trip has been great in giving us a dose of reality.

Also understanding how to use leverage appropriately is key. 

I think that this would be a great first property to rehabilitate, I'm familiar with the area, it's close by, and I'm very familiar with the property.

But purely due to my own negligence as opposed to an inability to afford to pay what I owed, one of my loans went into default and I was put on a rehabilitation plan for 9 months.  

This is my first non-intro post so go easy one me :)I've been wondering about this scenario and searched the forums but couldn't find the answer so I decided to ask it (them):If I find a residential deal and manage it through close for 1 or more investors, is it appropriate for me to take an equity stake in the property as compensation?  

it is appropriate in some cases but not others. 

To post a question, starting on the web site homepage, go to Forums, click on "Start a Discussion", under the "Select a Forum" choose an appropriate category/subject from the pull down menu, then complete the Subject field and main body of your message or question and click "post topic" when done.

Just shop around until you find an agent that you like and sends you appropriate leads.

Brand new lease, preferably drafted by a Business Attorney, with appropriate state law notices.

We have used them in cases where a 1031 Exchange is not appropriate for the client and the client is a sophisticated investor that understands the risks of implementing such a strategy and is willing to assume the risks.