I'm flipping, but I do agree with hiring when u have the money but when your strapped for cash it can be hard at times.

If you want to pass the test make sure u know all the vocabulary and exactly what the words mean, because the test will put in sound alike words with different meanings to trick you.  

If the Exit is a Hold Strategy, then you should know about Seasoning Requirements, difference between a R/T and C/O Refi, DSCR ratios, OER, Mortgage U/W, Market Rents, Absorption Rates/Marketing Time Averages, IRR and Cashflow to name some of the major items related to a Hold Strategy.4) You will have to estimate Acquisition AND Exit Costs (including your assignment fee)5) You will have to take pictures of each room, specific pictures of all damage the property has, all of the Mechanicals (Panel, HVAC, HWH, etc.), each side of the exterior, front and back of roof from ground or interior windows and 2 street views facing both directions from in front of the property.

I know his electrical is no good (Intel)--------How would u approach this...Me thinking let him sit for a few years...

Thank u all

Text u later..

I have sat through some that were pathetic.. and I have sat through a few of Nicks and frankly his is best in the industry from my perspective.. but yes it cost money and if you have no money maybe U wait until you can afford it.. but you would be surprised how many RE brokers go to Nicks events I have met many.  

You say u want to start another tech company, ok, then why do you want to not focus on that if that is what you are good at?

We have been doing this for 35 years so what we're doing something a little bit unique selling the property fully rehabbed with new mechanicals, fully upgraded kitchen w/ granite tops and fully upgraded bathrooms w/ ceramic tiles and putting a quality tenant and the selling the house as an investment we manage the property for three years and we warranty the house for a year houses and guarantee 8% minimum for 3 yrs for around 95k u getting 1k in rent and taxes and insurance around $2500 so around 10% per year.

Tenant laws says if u recieve even $1 toward a repayment of late rent you haaave to restart eviction process.