It's great because I don't lose rent and don't have to deal with switching utilities.If you have a good relationship with your current renter, it really helps with the showings and transition.

It is important that your wife is happy, but if you are unable to build up a reserve fund, what happens if you need to replace your roof, AC, repair your car, or even worse you lose your job?

I fully intend to utilize them, which I'm sure will give me a clearer picture, as I embark on this venture.

Here is the link to setting up your "REI Friendly Team" in metro Indianapolis. http://bit.ly/REIContactListThese are all the people I've come across that are involved with REIs full time.Make sure you respect their time and they will help you move forward in your venture.

If you haven't started the company yet, I think a Joint Venture is a simple way to dip your toe in the water.

If I ever lose my job, I still have funds coming in from my investing.

They do not want to risk losing their investment.

As I believe that a solid foundation in any venture in life is key, this is the beginning of laying and building that foundation.I found this site by watching the Eventual Millionaire podcast with BP's own, Joshua Dorkin, and decided to check it out.

But the rewards for the good deals more than make up for the ventures lost.

Last two we soldSell Price 105, 000 bought for 43kSell Price 124,000 bought for 32,000 ...what you dont see here is the amount of renovation required, this one needed new septic, roof, hvac and the list goes on.If I would have offered 30% of ARV on any of these, I would lose/have lost money on all of them.