The underlying principles are the same as apartment rentals but with far better expense ratios and much less headaches.

Joshua, would you have any objection to this?

Tenant shall not put any foreign objects such as tampons, dental floss, condoms, etc., down the sinks or toilets.

My property management LLC buys the appliances, water heaters furnaces etc then leases them to the LLC that owns the property.I sat through a 3 days IRS audit for the years 2009 & 2010 & it flew without objection.

Then the purchase contract is sent to the title company along with a copy of the check and we wait for a closing date to be chosen(it'll be within 10 days, the investors I am working with would be paying cash and there would be no financing involved) Then I show up to the closing with a real estate lawyer and the reminder of the principle plus closing costs in a check.

Although the amounts are different you still want to apply the same principles to investing.

Hi;I remember reading somewhere that you could write the purchase price on a "subject to" deal as "principle balance on close date" if you plan on taking over the seller's house and all equity.

And the principle of leveraging time with a HML is appealing to me.

For the most part, my objective is income.

I think unless the broker or agent is going to be a principle in the deal trying to cut off peoples commissions seems cheap and probably a disservice to yourself. 1st the licensed people in this field dont like working for free as most of us dont.