Is that because of the terms of the inheritance or is there a state out there that doesn't recognize 18 as a legal adult, if so which one?

That also has been amended, the state recognizes that an installment agreement creates “equivalent consensual security interest on a dwelling or on residential real estate.”

Nice to hear someone on the board finally recognized the incompetence of their actions and did the right thing.

Point being, you have to recognize the relationship between your purchase price and your EMD offering.

I think there are investment strategies that some of us have proven work, but might not necessarily serve newer investors that don't understand the ropes.

As a theory, to my knowledge it's never been proven or disproven that you automatically don't feel as good if getting the price you want was "too easy".....unless those teaching the negotiating hammer this into you.

@Gary Li, consult your CPA (disclaimer) but generally yea, LLC's the way to go I would say mainly based on the legal benefit of liability divisions and limitations with LLCs (Since you have a few properties, greater risk of legal suits)Also, its good having a Real Estate related name for reporting to collections agency so others recognized that a tenant had conflicts with a previous landlord.

Sometimes in an effort to save on fees we don't recognize the work that goes on behind the scenes.

Investors recognize this hype for what it is and understand that traditional real estate investments only offer high returns with a significant degree of risk.

Start with a good, solid, proven set of blueprints (knowledge).