However, when the real expenses were added up, IN EVERY CASE, their expenses were in or very close to this range (sometimes even higher).

It takes ALOT more work then your every day buyer and seller, but repeat business is worth its weight in gold, and friendship will last a lifetime.In this market, investors are the key to being successful, and this would e the site to meet them by my prediction. again, good luck!!

I found a property on a listing service (listed by an agent on loopnet) and know of a company has an ad that says they're "looking for properties with equity"...is it acceptable to point it out to the buyer in anticipation of a finder's fee?

Thanks for the reply Ned.What i'm trying to do is find something I can do as a job,while also learning as much as possible about the rental business.I like having as much information as possible.Since my post i've thought alot more about it and think I might be more suited towards property management with my current skills.It seems to be a better avenue to learn the business than simply getting a real estate license.If I do get into it though,I would plan on getting my license simply to add an income stream if nothing else.The courses and testing/licenses are very affordable and I love adding to my education.Real estate law seems to be something really good to know if your buying/selling real estate for profit.

From the articles that I have read, so far, they're telling me to find the sellers, and enter a binding contract, and get the title thing moving, and this is all before finding a buyer.I'm going to keep my eyes open for properties ;) I'm also going to work on getting some cards printed and a newspaper ad.

I understand pay per click adword marketing, but how do you get the ad in your own area?

The lender has already added considerable expense in the judicial foreclosure process.

Have you put an ad on craigslist, backpage, and a newspaper or two like the books say to do when looking for investor buyers?

I'm currently researching areas that would work for SFH rentals.One thing I've been doing is looking up deals online (mostly REO/fixer uppers) and then making fake Craigslist ads advertising the property to see what sort of response I get and what rental rates people seem open to.

With the track record, they were open to adding more to the portfolio.