And like you I have learned my lessons by stepping in pitfalls and land-mines over the years and have made conscious effort to not repeat my mistakes and take my licks..

.:...Remember, there is nothing passive about a 100 unit rental portofolio.From an effort perspective, that would be a reasonably accurate statement.

You can be fairly paid for your efforts.

I guess I need to put more effort into selling my own situation so that I am not just another closing.

Now that I own a rental of my own, I see how great of an investment real estate can be if you put the time and effort into finding a good deal.I look forward to learning all I can through BP , but even more importantly, pulling the trigger when I feel I've made another educated offer.Thanks for the support and networking potential."

It takes a lot of effort to get your first deal, and a lot of No's.

@Matt Slakey- I have about as much experience in global overland travel as I do in REI, but I know several people who've spent several years on the road and have done countless hours of research into budgets and logistical questions.

If I as the buyer am going to be the one putting in the time, money and effort to realize the $350 a month and take all the risks that accompany that including the risk that the idea totally fails, then that's my profit to be made and not something I'm going to pay the seller in advance for as part of the purchase price.   

I'd be happy to talk with her (and you, if you're planning for it to be a team effort) and discuss your goals and see if we're a good fit.

If you are going after Pre-Foreclosures, focus on that, if you want to attack Probate, put all your marketing efforts to the Probate leads.