The other thing is you still will get some benefits b/c you always can still reduce your taxable income with paper deductions such as depreciation.

When I look up court reporters for my county, I get swamped with actual "court reporter" websites.Or is it something you have to physically look in the paper for?

Just because you can get some nieve simple minded person to sign an agreement doesn't mean it's worth more.

He came out ahead cause he had other units in the area and since there was no Realtor involved it made it a simple transfer at 400K.

That simple.

Very simple rule but for a new investor I never would have thought about that myself.

Not absolutely necessary, but a simple disclosure that there is a lease in place with rate, term and tenant name, signed by buyer.

Will correctly pointed out that you might seem to be currently breaking even on paper, but things like vacancies and any repairs and maintenance will put you at a loss each and every year, and maybe a little less so in 4 years if you refinance now.

Post advertisement in PennySaver type papers: We Buy houses 64.

Forclosure simply doesn't exists, since there was only 9 forclosure last year....A simple, basic SFR is over 2,000,000 USD and a good property in a good location is over 10,000,000 USD so It's completly out of reach for me and I'm looking at condos.For condos, the median price is 10000 CHF per square meter, to translate it's 1000 USD per sq ft and it's a median price, condos near the lake or in the city center are two or tree times more expensive.With theses prices, the 2% rules is completly impossible to obtain since the rent for a small condo of 300 sq ft is around 1500 USD (0.5%) per month and a 1000 sq ft condo is arround 4000 USD per month (0.4%).The only good thing is the interest rate who is incredibly low at 2.79% for 15 years for a fixed rate for exemple, another "strange" local particularity is that in Switzerland we don't really pay our mortages, ever : for fiscal reasons it's a lot more interesting to have a debt on our house so we pay a small interest rate and have a big tax reduction.Most of the experts agree that Geneva face a housing bubble, the problem is that 10 years ago they where saying that too and prices have rised by 100% since... and there is still a severe house shortage and very low credits costs so I don't really see how things could really change...I tried to look in other part of Switzerland, the price is lower but the rent goes down too so the ratio isn't really better...One possiblity would be to invest in France since the border is so close and the price theres are 40% lower and there is a lot of government helps for investors like 19% of your money back on a new house purchase if you keep a gov fixed (read low) rent for 9 years.What would you do in my situation ?