I'm interested in turn key properties and not fixer uppers (painting and carpet is fine, and minor repairs I can deal with) no major fixes though.My goal would be to acquire control of properties and rent these properties and produce an income after my expenses.This would be the price area:$50,000 per home single fam. residential 2-3 Bed bungalo, rent for $700-850/month.

I get paid for what I'm worth, and I control my path to greatness..

Scott,The issue is not fear, the issue is control.

Although urban legend has it that has been a rash of these I think a search will find that there has only been ONE, and when political heat got turned up the HOA reversed themselves and deeded it back to the elderly lady in exchange for the overdue dues and some nominal late charges.I got into a discussion on this or another board a few months ago with some folks who told me about all of them because they had "heard all about it on a radio program", that was when I did the search.

Report them to the city--what ever your animal control agency is.

My 10 yr anniversary is tomorrow with my current company and my reward is a world band radio!

The spotter is both able to be compensated based on the deal going forward (skin in the game) while at the same time the investor has control of the negotiations and the deal mechanics.Note that user English case law (used in 49 states) there is the principal that is something walks like a duck, talks like a duck it is a duck.

This is the guideline I use to assist my clients in determining NOI: Vacancy Factor (5%)Offsite Management Advertising Administrative (G&A) Insurance Legal and Professional On-site Management Interior Cleaning and Maintenance General Repairs and Maintenance Exterior Cleaning and Maintainance (gardening, pool, pest control, etc.)

Real estate is a long term game and you haven't "lost" 89k...you only win or lose when you decide to sell which, thanks to a lack of price controls imposed by the government, is any time you'd like!

Every deal is different...I have had a pretty bad one myself.I will stick with landlording, light rehabs and a few REITs to keep my RE invesment portfolio empire going...I enjoy collecting checks every month and being in complete control of all my property without question from any "partners".