Make sure your tax person is leveraging every advantage for you in terms of depreciation schedules on furniture, maximizing your involvement as an "active RE investor", etc, etc.Finally, as you build your team of PM, cleaner, handyman, etc. make sure you retain a fair amount of control.

In some markets, Realtors are not willing to drive tire kickers around (which some people who would get involved in this program would be) if they are not sure they are going to buy something.

I hear people that say that about my market in Northern Colorado and the actual data does not necessarily suggest that to be true.For example, here's a chart showing the price per square foot of detached houses compared to the price for attached houses over 20 years.

., Pontiac, MI, 48340Property Details Single Family Residence Current Rent: $0 Square Footage: 1800 Bedrooms: 5 Bathrooms: 2.0 Occupied: No

My little 3br house, you walk outside to get to the garage, 1040 square feet, 5,000 sf lot is now worth $550,000. 

Your vision and desire to even dream of doing a project this big, your resourcefulness to put all the pieces together, the ability to sell your idea and yourself, your honesty & integrity with everyone involved, your willingness to pay off your debts and make the hard sacrifices and your humility to share your experience are the ingredients of  super sucessful entrepreneurs.The things you've learned from this experience will help you for the rest of your life.

Don't send her a letter telling her to remove the dog, you want her out, if she gets rid of the dog you'll be back to square one, start the eviction process,asap on the grounds that she violated the lease, and don't beat yourself up too much.

If you Dad stays on the title as an owner he will need to sign loan docs etc, i would rather keep it simple too, but its not a big deal to have your Dad involved if you have good understanding with him.

It's not worth it.I'm told that FHA has ways of finding these things out that are more involved than just getting your mail at the address.Ohio is not listed in this resource: http://www.ncsl.org/research/financial-services-an...But in many of the states listed, mortgage fraud is a felony.

It's completely up to you the amount of involvement, renovation, risk tolerance you have with likely low income or credit challenged tenants.