What other brilliant insights have you brought me today?"

Will get into rentals again in a couple years.Welcome to look me up, track me down if you want to talk real estate over coffee, if there is anything I can help you with feel free to post here, shoot me an email or call.Great resource you stumbled across , ask a lot of questions, I am sure you will find, as I have, some brilliant people lurk around here answering real estate questions for free.

Brilliant!

Buy for $20k, rent for $100-200 income/month, get a $500 refund.As a young investor, this could be an opportunity though and if rents appreciate back to $15/sf + NNN like they were in '06 or I could sell it for $120k in a few years, it would be a brilliant move.

Brilliant content/design guys are a dime a dozen these days.NEGOTIATE that stuff!

But Rick, once again, has brilliant advice which is to work harder than the squatter to find a distant heir and get a higher level of claim over the property so you can evict them.

The most brilliant & brutally truthful statement I saw on this thread: "Just buying a "turn key" rental house pitched by a salesmen at an investor club in a low end neighborhood in a fly over state doesn't have any strategy behind it."

Can an uncomplicated contract be written up for an arrangement like this?

For your buy-and-hold deals, you can use this tool I uploaded in BP FilePlace:http://www.biggerpockets.com/files/user/Mister4clo...Third, you can follow my real estate investing journey where I openly share my stupid mistakes and brilliant moves EVERY WEEK so everyone can learn.

Almost brazen I would say but brilliant.