I was wondering if anyone has ever done any of those lease-back deals where you buy a condo or something and do a lease back deal for the first 5 years.

A friend of mine wanted to buy a condo in Destin but owners tell them they can't get insurance or it's too expensive.

My newly rented condo is not too spacious but I had many appliances?

Where I live, for $1 million, I might be able to find a 1950's 4 bedroom ranch on 1/2 acre....and I can promise that it would not be fancy nor renovated.

A 2/2 condo (1200 square feet) in Breckenridge is about $650K and a couple of hundred a month for condo fees. 33% commission, etc, etc.

These two houses would form a condo association, with each having 50% say in how the association makes decisions.

If you buy condos and other similar properties where there is centralize maintenance for common areas that can be a benefit.Apartment buildings with onsite property management is another way to go.You also might need to learn a new legal process.

One of the bedrooms needed new carpet but he "didn't want to waste his money buying brand new carpet for someone else" so he literally ripped used, old dirty carpeting out of his OWN house and brought over to the flip and installed (of course it was a disaster).My favorite thing about this show is that it provides solid evidence that Darwin's Theory is hard at work in weeding out the sub-par flippers.

Here's the basics on the house:--4000 SQFT (including 1000 SQFT finished basement--6yr old central unit and unknown age second unit--excellent foundation with no to very minimal settling--split level with large bedrooms and large bathrooms--1.5 acres lot in a good neighborhood with a few million dollar homes a couple of streets over--nice but neglected landscaping--built in late '70sFannie Mae wants $179k but it needs everything on the inside.

Is it really hard finding people ot rent out your condo or house in Vegas?