That (the fact I was renting out my home) was my biggest concern about the process.

I also listen to the BP podcast, you guys are great.I think one of my biggest barriers right now to investing is the lack of a smoking hot deal presenting itself; I know I'll get flamed for even saying this, but looking at the NW side of Vegas, the best possible rent/purchase price I'm finding is around 1% rather than the 2% ROT I've heard.

The biggest issue is that you must be engaged in a trade or business to qualify.This goes to how do by our treat your rental activity.

And the biggest part of the picture you may not see is, homeowners or asett companies don't care who they sell the properties to they just want their problem solved as quickly as possible

The bldg was built in 1940. my biggest concern is lead base paint and asbestos interference during the rehab process. because of these factors, I will offer about $50K below asking price...see my scenario below and let me know your thoughts.asking price 83000 Purchase costs 65000 cost of home 30000 rehab costs 35000 includes LBP & asbestos abatement down payment 6500 10% of PP loan amount 58500 12.9 interest only for 5yrs inspection 500 appraisal 500 lender fees 2000 closing costs 2000 TOTAL 70000 Holding costs monthly cost for 3 months only mrtge pymts 1887 $629/mo. interest only loan property taxes 393 $1572/yr utilities - water 600 $200/mo for 3 months utilities - gas 600 $200/mo for 3 months utilities - elec 600 $200/mo for 3 months insurance 600 $200/mo for 3 months TOTAL 4680 Selling costs sales price 120000 commissions 7200 6% of SP closing costs 3600 3% of SP home warranty 500?

The biggest piece, is that they are not my empkoyees.

Our biggest advantage as real estate investors is our networks, and it's time to start using that to help us all financially.I was introduced to this by other investors at an REI meeting that I respect by being asked "Would you spend 10,000 on a house that will guarantee a rent check of 525 a month?"

I must say I am familiar with the smart key having some security issues, but I use them at my residence too.If someone wants to get in a house, its really not that hard, my biggest concern would be someone breaking into a house when people are there, so I put a "Texas lock" on every exterior door (manual round thing that you would have to break the door down to get into), that is the best security for nights.I'm glad you brought up the smart key problems, its something I need to put more thought into,,,,I'm considering going to brushed nickel instead of gold for exterior hardware, that might be a good time to look at alternatives

Questions like- what was the biggest issue you've had at your property and how well was it resolved?

But the biggest thing is the price, we were asking for 1.5 months rent for security and first months rent, originally $1175.