You'll get a handle on it soon if you spend the time.

By receiving part of the fees for these services, you become invaluable to someone who needs a trash hauler, gardener, painter, contractor, wholesaler or a professional like an attorney, lender or real estate broker.This will also permit you to both spend more on acquiring clients and maximizing the frequency of contact with the person in charge.

You have to spend a lot of time and no small amount of money doing marketing to find those sellers.

It brings down my net cash flow down a little bit, but the $4000 is well the worth the spend for future resell.

In your situation, your partner is putting up all the money and you're putting up nothing so if the entire deal goes south, you walk away and gain valuable experience and your partner will have paid for your education.Here's what I would do if I were in your situation:Don't spend the entire chunk on one deal.

Oh yeah, and other investors, like the one you just bought a house next to, are also looking at that property, and when they find out you got one and are not living in it, since they were waiting for the "extended period" may not have an issue with turning you in to HUD.

If I am spending countless hours and motions chasing a deadbeat how much can I make not doing those activities??

I see a lot of remodelers so desperate for work they underbid a job or they spend the draws meant for the subs to feed their family because they don't have anything else going.

And with lots of grandkids spending most of each summer there, I tend to touch up the wear areas more often than others might.Neighbors with similar floors don't do anything to them for 10 years or more.

For a rehab most of those issues are grandfathered in and nobody is going to tell you to chop off the left 15 feet of the building to meet side setbacks on an existing building.It would be cheaper to find an existing vacant lot rather than spend the money on a tear down, all other things being equal.