Im looking at a SFH, split into 3 units, 3 blocks from a major university in downtown.

The apartment roof is going to cost more to maintain, though, and a lot more people are going to be upset if you have major problem.Figure out what you're making now.

Your role then becomes similar to the asset manager who manages the macro strategy vs the tactical day to day operations.If you do not know anyone in the area you want to invest in, send me a PM of where it is you want to invest and I may be able to referr someone to you via my contacts and network of CCIM and CPM associates.Good luck with the new year.

At the end I didn't even care about the money anymore, it was a matter of him leaving or me committing a major crime, so I'm glad he left before things escalated.

EricI agree a major benefit for one to work with you is you are an advocate for them in an effort to TRY TO PERSUADE the bank not to come after them but their are no guarantees and if we told the customer anything to the contrary we (or you) could be sued or even worse.

I know one of the major factors are the credit balances and how much available credit there is.

I've definitely heard of major lending institutions who go off appraised value...even B of A will give you a HELOC on appraised value, but not above 90%, and certainly not to a borrower with a 550 FICO.

He says he generates the majority of his leads from those signs.

The Lessee also offers to be reposnsible for all normal maintenance, not including major repairs like a failed furnace - there can be a dollar cap on what the Lessee would pay for.

share the one "mistake" or item that knowing what you now know you would have done different in 2007...What I will do different and better in 2008... 1) Do fewer major rehab projects, and be pickier on the ones that I do. 2) Find and establish more and better contractors to work with. 3) Do more transactions that will make money both now and in the future... i.e. more lease options...