Plus I have more exit strategy options.Choice is ultimatley up to each individual investor on what types of portfolios they choose to operate.

While the link below is a video aimed at Gordon Brown of the UK, the speaker could just as easily be speaking to President Obama.

You won't be doing agreements that circumvent foreclosure laws, present title issues, cause insurance snafus or get hammered under Dodd-Frank, but you can go any direction you choose to. 

There are several to choose from.Check it out: http://store.biggerpockets.com/ :cool:

Once again depending on your needs and time contraints be careful on how you choose.

If you give the tenant the option to drop-off check at a business location with hours and they choose to mail, then that's the risk the tenants take and the judge will take your side.

Maybe she's supplying the stuff their smoking on Capitol Hill, it would certainly explain a lot. They do seem to have an incredible case of the munchies with all of the pork they're throwing around.

...

Credit isn't as important if your interested in creative financing techniques, I would highly recommend spending that money on more advanced education and or marketing depending on which strategy you end up choosing.

Justin, you will get a lot of good advice here, but beware of the local ordinaces concerning eviction should you choose to go the lease route.There have been a few cases where the eviction courts have refused to hear an eviction case because of that lease agreement.

That is just not the reality and if you choose to ignore the other expenses, they will bite you smack in the face once you own it and then the reality will set in that you overpayed.Using the most liberal operating expense ratio possible (37%), your annual NOI is $128,520 and at a 10 cap, makes your best offer $1.285 million (which I would not pay that much personally as I believe you would be overpaying)