Right now I find it hard to pull the trigger on potential deals that costs 500k and generates 5k in rents.

We would be open to potential partnerships but haven't really researched that yet.Self storage...I hadn't thought of that either, but we have a lot of friends that use it.

I am exploring possibilities of out of state.I would appreciate you sharing your out of state investing experience and possible word of wisdom on how to approach this without expensive lessonsPerhaps, There are opportunities in partnership or cooperation on the projectKind RegardsLeonidHermosa BeAch, CA

But like many of you, just can't pull the trigger.  

I'm looking to form a partnership with an experienced wholesaler local to me.

I've listened to a lot of courses over the years but have never been able to pull the trigger on getting started.

So in theory I could do all but the pm part (flat requires a broker license) unless it was in a partnership deal.

If you think that you are going to deed them to yourself, get the loan, and deed back to the LLC, you must know that doing so triggers the Acceleration and Due on Sale Clauses. 

I would try using this calculator and input conservative numbers for your pro forma rents, repair budget, taxes, insurance, vacancy, and other misc costs.Also, I was listening to the blog, reading posts, and previewed 100 homes over a 6 months process before I pulled the trigger.

oh they'll catch up,' or 'they've been good tenants for so long'...I also made this same mistake of letting a long term tenant (~7 yrs) try to get back on their feet, unfortunately ending up not paying ~8 months before finally evicting...A reminder to pull the trigger when we need to on enforcement of the contract.Paula Smith, wish you the best and good luck.