Owners work with contractors, management companies, vendors and the public at large; owning land allows you to bring people together to take ideas and create projects that result in everyone being happy.

I know a really good one who has done many of his own real estate deals.This is the best way for you to protect yourself, your interests, the property and the sellers.

My quad's come out to 64,000 a door for 850 to 950 a month in rent on my apartments.I don't look at it only from a cash flow perspective however.The area I have the buildings in is an A location prime for redevelopment down the road.Mike it sounds like your local market is competitive with investors and your margins are thin.On one hand it is good to be in a thriving market where demand is strong because usually supply is lower and the amount of rentals and new development for multifamily cannot meet demand.This helps rents grow at a rate that outpaces utility increases and inflation.The downside is it can make some investors overspend on a property because they feel good about the market.I looked for over 2 years before I bought something.I said many times those buyers were nuts.I tracked the properties and many investment properties after purchase just 1 to 2 years later went into foreclosure.They bought at such a price that it wasn't sustainable.I look for a 10 CAP or better on my purchases.The problem is if you someone who has only gotten 1 percent interest off of a CD or Treasuries or they have gotten beat up in the stock market.Those types of buyers jump up and down to get a 7% annual CAP return beating out your offers everyday of the week.By in large many buyers like this can be lazy.They only look in the MLS for listed properties.Value can be found marketing to sellers that are not on the market.They don't want to make public all of their problems ( I know it is common knowledge of default at some point but this is their mindset ).

Where are they deriving these numbers from - public records?

Persuasive authority may persuade a judge to rule the same way - but it does not require a judge to rule the same way.And the discussion continues and gets more complicated as we go on.SO - I recommend if you ever have questions about what you can or cannot do - you look for any kind of landlord tenant reference book published by a reputable publisher that is addressed specifically for PA and is a current publication; OR, consult a local attorney knowledgable in these matters....

The closest thing I have ever gotten to subscribing to a real estate program is my membership at the Chicago Public Library.

My number one priority here is his comfort and protection.

If there is no public sewer or public water available, the minimum lot area is 40,000sq/ft2.

Hmmm, so the deed is public record but the tax bills are not?

If you want better protection, you could make the payments directly to the mortgage company, assuming they're agreeable to the amount of their mortgage being the amount you will pay.If they will agree to add you on the title, that's even better.