I've got the easiest way in the world to get started in real estate investing...and the fear factor is low...Are you ready...it is so simple...Move out of your home...and rent it out!

I am a doctoral student with: [list]little debt (car loan and 35k in student loans), little assets (3k in an index fund, 7k in a target retirement fund/Roth IRA, 1k in individual stocks, 5k in cash), little income (just my student stipend of less than $20,000/year and another $2-3000 from web design and illustrating jobs on the side), and a little family (wife and two kids).

Add in the factors mentioned in my previous post, and you have a reduced value in terms of what a lender is willing to use as a basis for the amount they will finance.Should the appraiser always use the most recent comps?

Is there an elevator apartment building class designated by the local government like there is in New York City (Class D)?

There is supply/demand factors in play.

Try to determine all the things that could go wrong and factor it into my number knowing expenses could be worse than 50 percent.

My LLC will be a Washingtons State LLC, so I'll contact their Secty of State's office & find out.Re: comingling of funds...If I keep a separate checking account (net necessarily designated as a "business" account, but registered to the LLC), pay all bills out of that account, deposit all rental receipts into that account & take monthly "owner's draw" do you think I'll be ok?

Most of the modules are designed to "snap in" with each other so you can really do anything you want with any of the modules.

Could potentially be a factor on a property bought a long time ago, but won't apply to any new purchases.But wait, there's more.

You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.