Most of the 2-units I’ve seen seem to have a “higher risk” type of tenant, but on paper they look like they will cash flow Much better.I know much of this can be sorted out through screening of tenants, picking up the rent in person (then glancing around to make sure things are OK), etc… What have been your experiences??

Also is it just a simple lease addendum I send?

I'd recommend godaddy for registration and simple hosting.

im very disapointed with the company. they do not ever return phone calls, i have to call 3-4 times to get them on the phone. and provided no help whatso ever.i was actually served court papers on one of the deptors and was counceled by this company to ignore them as they said" we can get judgements off your credit!"

The key to that is to have your RE income exceed your expenses.If you ever play the Kiyosaki game of Cashflow 101, you know that to exit the "rat race" you have to have your passive income exceed your expenses.Seems simple right?

It's so simple, yet was completely ignored in pop culture REI for the past 4-6 years.

How would I sign the paper work once it is accepted??

You want to run your business like a business.If you have to collect a few checks in your personal name so be it but like Mike said, there are tax concerns.I'm not an accountant but that money will be taxed differently than if you received that money from your corporation AFTER expenses (stamps, paper,envelops, bandit signs, advertising, gas, business cards, seminars, etc.)are paid.Amerilawyer.com offers the benefit of reduced online pricing as well as legal counsel.

I think a smart investor could average 15% cash-on-cash return with single family rentals, but even at that type of return, you still need $6-7M in cash.Without that kind of cash, I doubt it's possible without getting VERY lucky...and even then, I'm not sure it's possible...The math is pretty simple here...

I've use simple counters like this.