It's the Dave Ramsey system.

There will always be problem tenants that know how to the work the system.

Are you talking a purely cash flow play (LO payments versus rent?)

Similar in fashion to mutual funds versus hedge funds.Also, REITs tend to be more liquid, whereas PERE typically require you to park your money with them for a period of time, often 10 years.Here's a few links which may be helpful:http://en.wikipedia.org/wiki/Private_equity_real_estatehttp://www.wallstreetoasis.com/forums/real-estate-pe-vs-reithttp://www.cpexecutive.com/newsletters/capitalmarkets-newsletter/reitscolumn/reits-versus-real-estate-private-equity-funds-who-wins/Damon

Its a carefully balance system that can change over time and easily corrected by a professional.

Welcome,Maybe start out slow when it comes to real estate versus your current occupation / fieldMeaning use your medical field connections( watch doctors, nurses, and etc wanting to invest into your newly performing real estate business )FYI - Having a good paying employment will make it a lot easier to obtain loans and refinancing network deal after deal

It need a A/C-Heating system, as the old tenants removed the central ac.

The state you live in has highly advanced hard money lending distribution systems and a lot of California exiles who know the business and have lots of money.At a local lender's trade association you'll find out who the real players are.

Stocking picking systems will promise huge returns if you follow the right guru.

Each MLS system is slightly different.