I'll bet I've talk to well-over twenty thousand (20,000!)

Given the cost of stamps and paper checks, it's really not that much more.

I think you're giving them too much paper, which they'll lose after move in. 

My current sketch that I put to paper has me owning 8 properties free and clear (1.8 million equity) and a conservative yearly passive income of $86,000 in 24 years.

So here are the questions- The home is a legal two family with 4 units I was planning on renting the first floor duplexed with the basement for 1600 second floor for 1500 and live in the top floor apartment for "free" for 1-2 years would this on paper look like a decent deal- I have no idea what water, electricity and sewage runs on a two family home - Where can I look to see if I could actually obtain those rents for that property ( got these numbers using rento meter) Thank you all very much !

Mark it up 100% (yes, double) and sell it.You will make a ton of mistakes on the phone, with paper work and all the other details associated with the deal.

On paper these are better investments...but in REALITY they are not.

But that is way beyond my scope of knowledge of GEEKY stuff.I am sure I can do the pen and paper thing and run to staples with a few pads to TEST a series of messages.Please ad more info if you have any,

The beauty of notes vs. hard real estate is that you don't own the property (and all that hassles that come along with it - tenants, maintenance, townships, etc.) you just own the secured paper behind it.So in that regard, having boots on the ground in some form or another when performing due diligence is important whether it's a Realtor, BPO agent, and/or contractor assessing the property.

With closing and funding & closing costs, on the buy and again on the sell side, hard money would have been a lot easier and comparably priced to Wells Fargo, our lender at that time.