Either way, I was advised by the lender that if the building are side by side there is a possibility to regard them as commercial.The point is, that it is easier to add value by increasing NOI when property is appraised by  it’s income.

The tough part is many of the regulations that once made it easier to get a loan, also made the system more susceptible to junk loans.

Higher prices are a more targeted audience, but there are people to rent at every price point.

Its easier than the back and forth of when are you free, and here is when I am free.The other things I did a while back with my rentals that I self manage is, I rarely do appointments.

I just had my latest deal fall through and there are no more houses that I can afford in my target area.

Once you have that, it will be easier to pick markets and property types. 

@Brie Schmidt    I am far away to be an expert on this topic, I follow Robert Kiyosaki, the Real Estate Guys, Peter Schiff, Simon Black, they know a lot about this topic, All the countries the United States included have economic cycles, we are right now at the point where guidelines for loans are getting easier, prices are almost at the same price than 2005 2006, expect the best but be prepared for the worst

I would target areas like North Everett, Lake Stevens and Marysville.

Planning on partnering with my cousin on a property and since obviously we file separate tax returns, I figure it'll be easier to manage profit sharing through the LLC.Whether or not we buy the actual property through the LLC is to be seen, but based on the bit of research I've done, that is unlikely.

IE a little thingee that will light up on their dash that says a payment is due and if the payment is not made the car is disabled.. and of course GPS tracking so they can take the car back..When I first heard about the starter interrupt device for auto lenders I thought - that sounds like a whole lot easier than foreclosing on real estate!