(BOMA adds public space to the rental sq ft, so if you have a 25x25 apartment, while it would be 625 sq ft, BOMA might call it 700 sq ft to account for hallways, etc).

But I'm sure if they could figure out a way to word the initiative in such a fashion that the general public would think it's a good thing, they would do it.I glad we have access to such a valueable source of information and exchange of ideas for FREE lolhttp://ezinearticles.com/?

Start with reading the rags, weekly real estate publications and the Sunday paper religiously.

The choice of entity that you use can make a huge difference in your exit strategy, but most people make the decision based on legal protection or income tax issues.

What are some things to screen my potential tenants for so that I will be protected and have dependable tenants?

I figure a nice public declaration here is a nice spot.

There is a reason why they can't get approved, and this money is for your friend's protection.

I need a real creative way to make some money out of this where both of our interests are protected, but we both benefit somehow...largely me.

Assuming you win, and she doesn't pay up, you can then file the judgment in the public records.

So, for example, I know if you were to use the standard Colorado Real Estate Board purchase contract to directly buy a house from someone after they had been served with the "Notice of Election and Demand" (NOD in most places) you would be in violation of the Colorado Foreclosure Protection Act, and would be subject to criminal penalties including prison.