Perhaps I could train my tenants about quality and design.

The more you understand about conventional business finance, the easier it will be for you to understand the unconventional finance methods you will encounter in REI.Although you will see some people on here and elsewhere who use all kinds of formulas to analyze RE deals, it's really not any harder than 5th grade math.

The cost for repairs can vary significantly, depending on the 'quality' of the improvement.

These types of homes are year 2000 or newer, 3/2/2, 1700-2700 sq ft and about $120 ARV.This method has made me a lot of money, with very little headaches.So whats the problem?

The quality of tenants also seem to be much lower even in the nice areas compared to what I see here (and most of my stuff are small condos in Lowell, so not exactly a "luxury" market here).

Just get a quick contract between you and your friend that says something to the extent of:If the property at 123 main st closes between (buyer) and (seller) within 12 months, buyer shall pay a finders fee of $1000 to Leeta Song.You may have to change the language a bit, and I'm sure it will be 4 pages long, but that's the general method I'd go with.

In as much, i've come to the conclusion that real-estate investing is probably one of the most solid investing methods to date, and now I have a problem.

You can even watch someone input data in real-time, which is great for quality control.

Whatever method you use, look at your expected profit as a % of ARV.

I'm in the military, so we have dreams of renting this place out when I get transferred, buying a new one, and so on.In my perfect fantasy world, this method could yield me 3-4 nice single family homes by my mid 30s (in 10 yrs), a good passive income stream by my mid 40s (20 yrs), and a solid retirement foundation for 55+.I have a ton of research to do and this site looks awesome.