You aren't doing anything except talking on the phone and driving to job site to check on people.

That's why I switched everything I own to shared housing and my front end partners are reaping exceptional 20% to 70% returns annuallly by creating shared housing.....besides, what I love about it is that you can feel good about earning good because you are helping others who don't have the credit or ability to carry an apartment on their own.You can cap utils on each unit and pro-rate overages to the tenants of the units.

Since then, I have been going through a divorce and haven't done a thing to this property except to get rid of two sheds that were falling apart and cuttng down 3 dead trees.

Requiring licenses in each aspect of financial dealings will eliminate those without a clue doing business, except in commercial where borrowers should know better, it dictates responsibility and puts in place a system with teeth.

For uspit bulls = cancelled insurance no exceptions !!

Once you get the bank realtor's info and see if you can put an offer to purchase you're free to wholesale it(yes double close) or whatever you want to except assign it...KudosMary

The only exception to the must immediately occupy rule is if you have renters with leases already in place.

James, good thoughts above, but there is a big difference here in the mid-west and Cali, no way 3% could be hit here, can't pull 2% except in a larger complex due to lower construction costs per ft.

I was gonna also recommend flippa, except they don't have a forum.

(Obviously, there are exceptions to the rule, but this is just something I've observed.)