For those of you who don't know how I evaluate ghettos, I only have two rules:I want to feel comfortable that my wife can drive to the area during the day.I want to feel comfortable that I can go and collect rent after dark and I don't need a 357 Magnum.Rich

This is the 3rd year for me of observing, but also the year I gather the data from most of the counties with websites.

My guess is because he is in Pennsylvania, and the PA Dept of Revenue has some really silly rules on Real Estate Transfer Taxes; they want to collect full transfer taxes on each assignment!

I don't know why a smart investor would collect most rents in cash and not show in tax returns since that is what the banks ask to determine value.

I dont see why this couldn't work as long as all details about how income will be split and how expenses will be split.Does anyone have suggestions as to how we would collect money and split it?

AFAIK, zillow is populated from public records data.

I suppose your full time occupation is helpful when it comes time to collect rent!

I don't' have any assets, two cars that I'm paying for, I bought another house in March of 2011 for way cheaper (this time if one of us gets laid off, we can afford the 750/mnth payment) How can they come after me other than a collection agency?

Upon her death, the note should transfer to her cousin, and the cousin would then collect all future payments.

Deficiency isn't the buyer's problem, it's the borrower's problem (and the bank's problem to try to collect it).