If so, what marketing method and targeted group (porbate, absentee owners or pre foreclosures)do you feel has been the most effective for finding motivated sellers?

But I see no reason why an effective system can't (or shouldn't) be employed in multiple markets, provided you can find effective managers to assist you.

Also, what could be some negative consequences of this type of mortgage in terms of their effect on my ability to acquire additional properties in the near future?

Many things will effect the terms and us three are generalizing what those terms might look like.

Should I hire a lawyer?

It is very cost effective, and took me maybe 2 weeks to file everything and be officially incorporated.

Hello,I bought my own place (North Cal) and want to move out of my rental in the end of the month.I gave my landlord 60 days advance notice in May as required by our rental agreement, and asked to move out sooner.The landlord ( he is a lawyer) shortened the period to 45 days on condition that we agree to show our place to prospective tenants.However, the house is in a bad condition.

Regular transactions are a bottom of the barrel law practice, so you run into lots of one lawyer office mediocrity.

FYI, I am aware I should seek legal advice from a lawyer and all laws vary from state to state.

They said that if I changed it to one that covers a rental property, a part of the process is to inform the lender that the policy has changed and that it could affect my loan.Two questions:Will renting out this second home effect the loan?