The worst thing you could do is not tell the true percentages you expect then a claim be up in the air whether you get protection or not.I have numerous clients who have airbnb's throughout the nation and the premiums often are higher than a regular secondary home/landlord policy.  

I've seen numerous business partnerships like this where both parties are happy.

However, mentors thrive on helping people and seeing the end result of their product.I'm sure there numerous people on BP that will help in that aspect.  

Listed price was $289,000, so I used the likely frustration and fatigue element of the sellers numerous failed closings as my leverage and presented an all cash, zero contingencies, and a 10 day close at $255K, which was countered to $263K which I accepted.

If this is the case there are numerous ways to structure that deal, but to offer a single simple agreement:The Pref is 8%.

I've had numerous opportunities to work with OOS investors as a local on the ground, but have declined because it's just not worth the effort for me.

In particular I am dumbfounded at conducting accurate adjustments on comps.Amongst numerous Bigger Pockets sponsored books, I read J.

If you are local you likely have an advantage and this can help you to find good deals5) People who haven’t been through a real estate cycle and are less risk averse than others that haveAt the end of the day it is impossible to time the market, I know this because I used to trade financial derivatives for a living, I spent my life on a trading floor and I have worked with numerous hedge funds.

@DeAngelo Melone private money is already a HUGE element to being an investor.  

@Adam WigdorskiSir, if only every lesson were that effective, cheap and valuable, we would all be Warren Buffet level investors, retired and living off of "mail box money".I will offer you an extra element of that lesson, is that having done it yourself, you are familiar with exactly what is involved, therefore making you much more effective at detecting contractors that are feeding you BS.