1 beds have much higher turnover.The 2 bed in a different area could be in a more desirable area where rent growths,supply and demand,and appreciation is better along with cap rate compression.The same could be said for the 1 bed depending on where it is located.The 2 bed could be under market and you purchase and get 100 per month more per door and the income scenario changes.Some landlords keep under market rents to avoid headaches and turnover repairs and keep them full.They have paid debt service down over the years and dealt with so many headaches getting full market rent they do under market to not have the hassle.When you are slightly under market you can get picky and take the most well qualified tenants.Just like buying a house tenants in good standing want the nicest place they can find for the best price.

After the purpose is defined you must have a board of directors, unrelated parties but they could have had and occassionally have other business dealings between them.

In general, when you get serious and have serious investors they will want to see third party accounting and auditing.

Hey folks - I might be late to the party but I thought I'd bring up the post I wrote here on BP the other day:How to Create an Awesome Lead Generating Website in Under an Hour with No Technical AbilitiesHope that helps!

The "option" would be worthless to an investor, because every short-sale I've seen requires a disclosure statement from all parties involved that the seller gets $0 at close, and there's no other side-deals going on.

here it is called "Jane Doe and John Doe and all parties in actual possesion" adding 's if necessary

Sheena I get you are in Singapore but you can at least pay a non-biased third party for a full report to see what you are getting.A couple hundred from a local broker who specializes in these properties would be WELL WORTH not making a 101,000 mistake.

Also, spend some time to make a great ad as it's your first screening tool for tenants.I find newspaper ads too costly and it's difficult to make your property stand out in so few words.

Whether you buy the note and forgive yourself or some other party becomes or is your mortgagee and forgives the debt.

You stand to make a nice profit and can roll that cash into something else and capitalize on the market thats hot or up and coming.As Joel said sell at the peak, I wonder how many people would do things differently if they knew than what they know now??