If not, just assign it.And you have my full support to engage in any, and all, illegalities.

so then, I should assume that I not only am dealing with the intrinsic challenges of find and working a "real" deal, I also then am to expect even less pay-off because I have to find someone that has the credit, in turn expecting a return (which further eats up my return)??

Searching for small problems are fine for me, but one challenge is checking for serious "oh goodness, why didn't I see that?"

I don't know the market that well in Colorado Springs, but I suspect its challenging to get a truly good deal, just like here in Denver.

I think my main challenge is to find contractors that can help for such rentals.

The IRS is even challenging time spent searching for properties; stating it is their position this is "passive" and does not count toward the 500hrs.

I'll have to do a better job of pointing this out in the lease or maybe add a 1 page 'Rules of Engagement': A straight forward, no bs, bullet pointed list of expectations of tenant.

Getting the utilities in-line was a challenge, but we did a lot of work on tightening the place up, installing high-efficiency HVACs (one per floor), etc.

I think its challenging and rewarding.I took a very good seminar back in august and since then I've devoted 101% of my time, personal resources and efforts to succeed.

Buyer gets cold feet, backs out before dropping off option fee / earnest money.Day 44 - Submit highest and best offer to bank, for offer #3.Day 60 - Bank comes back, tells me to write a report to challenge price to get offer accepted.Day 67 - Offer #3 is accepted.