I'm convinced you are right Tim, it's just that I am shocked to see houses for this cheap, they all seem to cash flow even at 20k-30k, I'm only imagining the portfolio growth rate you guys are experiencing, it must be sick with all those great deals around.

Thanks everyone :Dand to msedwick:I am most interested in development, but before I just jumped into that I wanted to build up a little portfolio, make some contacts in the industry (other investors, banks, construction, etc..), and move upwards from there.Again Thanks Everyone!!

If you're wanting to build a rental portfolio, paying someone to do the maintenance will just increase the time it will take you to do it.

We do this occasionally when we make a private loan if the deal is too "thin" we will also tie up another property in the investor's portfolio to ensure performance.And having the props "owned" by your LLC is not the same as having the financing originated and vested in the LLC.

I need to either invest remotely or move to a more lucrative area.I want a large portfolio of rental properties at the end of the day... and California is making it real tough to achieve that goal.

Total insurance coverage is limited to 10 percent of the lender's Title I portfolio.

You're in the town where my dad built his entire portfolio buying rental property off the MLS.

Finally got someone to do a portfolio loan on the cottage and a 30 year on the front house.

It's a very good business if you like to be able to set your own schedule; have plenty of time off; and make an amount of money commensurate with the amount of work you put into building your portfolio.

That additional risk is reflected in a loan portfolio (secondary loans or not) by reducing the LTV to 75% but this is not a hard rule in a portfolio loan, but generally accepted as being a more prudent banking practice.There is no seasoning requirement, generally, by any regulator but by loan guarantors and mortgage insurance that may cover a loan portfolio obtained by the lender or in hedging arrangements.