Fast forward 7 years, I'm working, married, and a new dad.

edit: I also realize that if I'm fast to rent it again I can actually make up for his lost late rent by the overlap!

Their model is to sell them as fast as possible and take a quick profit.

Generally in any investment project my rules are as follows: Build to sell fast (which is price below market), and do not take projects with less then 40k profit.

The great property deals in the Elkhart area seem to go fast.

Just remember, when little kids learn to walk around 1 years old, most often they teeter around and perhaps fall a little, but then when they figure it out, you see them start zooming around the house as fast as their little legs can carry them!

See how you like being a landlord, if you enjoy it you should have the ability to leverage yourself into a lot of units very fast but if you don't enjoy it than you should be able to liquidate and still come out on top.

Fast forward from the bottom of the housing market 2009 to 2011, these properties have already appreciated $100k to $200k each, and we're not even done with the appreciation yet.The Housing Affordability Index (HAI) is still at record high thanks to the low interest rate.

You can pick up valuable information from them on what to watch out for and learn the process to protect yourself.You can ask for other investors to get information from them but some investors are honest and others are your competition and will give you bad information to put you out of business fast.

(alternatively I might threaten the agent with this by leaving a message with him or her t get the agent to respond) 5) That the contract is very clear and that no one will side with his agent or seller. 6) That I won't hesitate to file a complaint with the real estate commission so he, the broker, better personally get involved and fast.