I have one rental now that is free and clear other than a HELOC of 20k to pay off all credit cards and other debt.Seems to me that in to build a nest egg to get a good down on a house will take a while.

I have long advocated informing the lender in all installment contracts, wraps and sub-2 transactions.As John mentioned, a properly given notice will keep them from saying they didn't know but more importantly, after a period of time and if a formal objection is not made or notice to accelrate the loan is not made, that may be construed as acceptance of the deal!

You don't want someone else (relative or friend) to enter without proper authority.

You have association fees, credit card fees (with almost all bookings), cleaning fees on top of the management fee, referral fees (to travel agents and companies for getting bookings), and THEN the management company takes their split on top of that.

To become a loan officer in some states costs nothing more than buying business cards.

If you could direct me to the proper place to post the question about Scott Scheel that would be great.

Maybe I'm just being a bit stingy but I thought I would get some advice/suggestions before handing over my oh so precious credit card details.

You are correct, big profits are made from big changes in the market, and certainly SFH's can be part of those big profits if done properly.

Properties are now easier to rent and a proper ROA is easy for even a novice real estate investor.

However, there is a 30 day period after the auction where the property owner has the ability to challenge the validity of the auction in court, usually for lack of proper notification by the county.