Are you going to watch the investor answer the phone?

For people that invest out of state, what sort of problems do I need to watch out for?

What things about the areas I'm looking for do I need to watch out for?

Just watch those Judge Joe Brown episodes where two relatives never want to talk to each other and are now suing each other over a small loan.

i watch friends and relatives do it and i got tired watching.

But, there are some things to watch out for.Sometimes "five units" really means five separate units each with their own kitchen and bath.

Watching rental house ads in the paper, I see them come and go in a couple of weeks.

We were considering dividing ownership when it comes time to sell or move by keeping track of all downpayments, mortgage payments, and maintenance payments and calculating a strict percentage of property value.Could I please get some feedback on lending possibilities and things to watch out for, as well as models for determining percentage of home ownership in a joint situation?

I've been sitting for a couple of years and watching newbies snatch up "deals" that I wouldn't have driven across town to look at, and my town is waaaaaay smaller than yours (about 6,000 people).Be ready to jump when you find something that's enough below market to make it worth your while.

I hate sitting by and watching others make the real money and grow equity.