I have mixed feelings when things like this happen because I know that I am positioned correctly and that's good, but on the other hand I 'm concerned because if things get too bad then I'm worried about the tenants (even the good ones) going broke and not being able to pay.

I'm new to the buying of small business. I am dealing with one now where I was told the books aren't completely accurate. What should my plan of action be from this point on. I don't want to get caught up in anything ...

Another concern of mine is having the loan in our names is regarding record/book keeping for taxes.

Don't let the age thing concern you.

There are so many deals out there few are concerned about giving away the secrets.

My main concerns about not being able to buy a house are: I dont have the cash for a significant down payment, so I would be using the 100% financing option.

Plus, if you're flipping cash flowing property the right way - holding costs are no longer a concern.

Notices need to be made of defaults to the address of the rental property, so you need to check on state laws concerning proper notice.

I am doing ok I own 10 single family homes which I acquired “Subject to” and 6 mobile homes.My long term goal is to acquire about 50 Single family homes Subject to and open a 200 lot Mobile Home park.My goals for this year are to double last years purchases and Establish and incredible Business line of credit for the purchase of more mobile homes.Personal info can be found out on my MySpace pagehttp://www.myspace.com/mystictxIf you’re in the Houston area give me a call I will be glad to give advice and I would love to learn some new tricks as well

I'll prob work 50-60 hours/week at the JOB with a very stable firm and I expect I have some super solid upside options there.My parents had 2-3 rentals when I was growing up, I worked for a property manager before while in undergrad, ran a successful painting contracting business, am solid at negotiating and selling, have spent my share of time in rough neighborhoods, but I'm concerned I may be too much of a nice guy to ever get too good at evicting poor people.