In Nevada for instance, the state requires a real estate license and a property management permit in order to manage property for others.  

What made you interested in investing in this type of deal?

Purchase price: $325,000 Cash invested: $11,375 New primary residence that will be turned into a short term rental What made you interested in investing in this type of deal?

Purchase price: $165,000 Cash invested: $15,315 Single family home What made you interested in investing in this type of deal?

I am wanting to purchase a duplex or triplex and I'd like to do that out of California due to all the ridiculous rules the governor has made law.  

I would first get clear on where you are heading, and how much you are expecting to clear from your sale in order to better establish a buy box for the replacement property.

What made you interested in investing in this type of deal?

You made the decisions that drive your success. 

I capture different formulas for buy/hold, rehabs, loan costs, material costs.I made one excel workbook with several different sheets.

the rest of the 44 pages just itemize the crimes, he made fraudulent documents/forgeries etc, to get 2000 investors to put in about 658 million over 4-5 yrs, WOW, i wonder how many other similar PONZIs have been running all around the country, particularly in the growthier multi-family syndications