Did that just seem the most practical for your investment situations?

As long as someone else is taking care of the day-to-day duties and responsibilities, and all you have to do is collect a check, then it's not so bad when you have the right people on your team.

It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts."

While there are plenty of so-called "investing" books out there, most of those I've been recommended are those motivational books that have a lot of great ideas, but no practical information.

This is our first rehab, and we are kind of looking at it as our practice rehab before buying a property to fix up and flip.After buying our first two rentals in 2010, some problems with extended family hit in 2011, and it wound up being a drawn out and expensive ordeal.

Would be nice to have it automatically go through our software when it is collected.

That's 10% of the collected rent plus $500 to fill a vacancy.

I'm looking forward to learning about the industry, best practices, and investing ideas.

I think if a person becomes OBSESSED with anything, whether it is money, food, work, collecting stamps, etc..., it leads to an unbalanced life.

Its getting to be a long time ago when I practiced law including landlord tenant.