Although I don't really want to spend my time putting one together, I think it is essential to have one in the area.

Or, solving for debt service will give you an idea (albeit subject to the details of your financing arrangements) of how much you can spend to acquire the property given the average/acceptable rents in a particular area.I like bar room napkin math and this looks like a quick and dirty way to determine whether I should spend more time considering a particular property or not.Please let me know if my conclusions are flawed.Thanks again,

The time you spend researching now is paying off in knowledge.

Many times as soon as you spend countless hours helping this person, they will just get back together anyway.

If you don't want to spend the money to see an attorney, then you can also get a lot of good information from the SUCCESSFUL landlords at your local REIA.Good Luck,Mike

I have been going through hard money lenders and such for a while but the limits that they are imposing and the slowness of the process on a whole is making it where I am spending more time dealing with the hard money lender than I am finding properties and end buyers.

You could learn how to manage properties, spend the next 5-10 years buying cashflowing property, retire before you hit 35 and never work a day in your life again.

Worst, the asset managers are overworked and the listing agents (generally) are not interested in babysitting an asset manager - they figure it will get done in due time - the more time they spend working on one file the less they make per deal.

It’s sad but true, you really need to be a skeptic with every dollar that you spend because it seems that there is no shortage of people who try to sell you things that you don’t need, or simply skim your money out of a deal (like an insurance agent).

Spend some time looking at other threads here on BP.