has anyone noticed when they open the door to see the house for the first time, if its a 'good' house, it is totally clean, the electricity and water are both on.It's also funny when they say "houses in this area sell in the 140's",,I guess the size doesn't matter to them,, it is good entertainment, but thats what it is.If I started buying houses to keep others from getting them, I would probable be bankrupt in a short period of time, thats how you get killed in this business

Jon is spot on, there will be disagreements and you must have an efficient way to handle them quickly.Whatever you do, do not assign each of you titles like Executive, Judicial and Legislative duties.

Meanwhile, rents have been declining for about the same time period.

I used to think IRS liens were a bad thing at auction, but I've come to realize they might not be so terrible if you can wait out the 120 day redemption period without doing anything to the property.

Often there are several Collections Statute Expiration Dates on one account or/and tax period.

Buyer's Agreement is on a per property basis or for a period of time.

Initially, just like Wayne Brooks mentioned.Once you've had a loan for some period of time, the MI can be taken off by getting a new appraisal showing loan balance to value below some percentage (that should show up in the loan docs - my guess would be 0.78 or a loan balance that is 78% of appraised value).

Hard money sites are out there they just arent very good in my opinion and thats why hard money lenders can really charge crazy high rates because the market place has not been able to fill the gaps or affect efficiency to the market place of hard money lending like the stock market has to trading shares of companies.

You take 1000 pics over a 30 day period and sell to 5 buyers and u got 200 cash now you got the earnest money to do an assignment of contract.

@CL @CL Tumlin - you can only depreciate for the period of time that you actually own the property.