Elizaveta, I will take a crack at it since no one has responded yet. 1) My first deal was a fairly in depth rehab which included foundation repairs, window replacements, garage roof replacement, electric work, plumbing work, floor refinishing, and a lot of the things we do to almost all our rehabs (new light fixtures, new outlet covers, new appliances, new doors, etc).

When you start clouding people's title and taking people to court you open the door for people to file lawsuits against you, file Cease and desist orders against you, report you to the better business bureau etc, etc.

The properties cash flow well with over 15% CoC return and about 150/door/month with 25% down.

Every electrical cover, light switch, door hardware, etc...

But not charging any fee doesn't open the door to act as an originator, broker or lender, especially for others.Again, there are instances where such a note may be required to be sold by an individual holder.

I would allow 7.5 to 10% for vacancy and non collectible and with 3 doors average at least $2000 to $3000 annually for maintenance.

If you notice a property that looks vacant (unkept lawn, newspapers in driveway, yellow or white papers stuck to either windows or doors) jot down the address and look up the property in the county tax records and find out who the owners(s) is.

IMHO, if there is such a thing, I'd say an advisor would be more appropriate in a corporate setting, General Electric has a realestate division and there may be an advisor down the hall, last door on the left (has the cornor office with a view).

Most of the fully empty places are essentially uninhabitable (aka no way I'm getting the girlfriend to live there) due to missing windows/doors, leaky roofs, vermin, etc.

Its cash out the door, but its really just a transfer from one asset (your bank account) to another (your equity in the property).