I thought about going to a four year college and getting a degree in business, but I couldn't stand the thought of wasting all that time in class and being in debt that much.

I'd hate to waste so much land, so I'll poke around and see what I find.

Prisons are loaded with smart people, at least in their mind.Lawers, judges and regulators will determine what you are doing, not you, regardless of what documents you dream up to define your way around any requirement.If you want to lend your own money, then it should be assumed you have money.

Within this process, I have an Investor Profile sheet that I fill out to help ensure I don’t waste an investor’s time with deals that wouldn’t be appealing to them.

Even with higher priced properties, I would caution against going much above about $1,500 - $2,000, but it may make sense depending on the circumstances.Lastly, you pay them when the truck is loaded.

You also really have to be careful with electrical issues also, so you do not get a severely unbalanced load that will be problematic.

The HOA dues do cover : ext. maintenance, area lights, water, waste mgmt., fire insurance, pool (un-opened).I'll let the pros look at this one and tell me what you think.

Plus, a wasted 3 inquiry on my credit.

BTW, you have to buy these REIT through a broker, they're not available through your local "no load" fund families.I forgot to add that in jimmyolsenblues' example, "Sam" would also have to pay an additional $165+/- per month in PMI because he didn't put more down on his loan.A lot of jimmyolsen's post has to do with "old timey" '30's, '40's and '50's thinking.

Those 20k houses are in BAD areas...I wouldnt waste my time, for 60k you can sometimes find a place near one of our many universities and I get roughly 1300 a month rental out of them---1300 a month w/a $600 mortgage---not bad huh?