I got one quick follow up question:When you say 'looking at the house', you meant to actually be at the property to inspect it in detail or do you mean taking apart the details online?

I am currently working my 4th property and will post details for your interest in another post.Looking at 2014 I plan to purchase a couple multifamily properties to hold (currently have offers in on two duplexes) and flip 4 properties myself and partner on others.Thanks for building this great community.Don't be a stranger if you are in Indiana!

Looks like just over 15 members so far, so should be a good way to network with some fellow investors, and I can give you a run-down of Bay Area rent controls and rent levels in different areas (and resources to find more detailed info), if your properties or future investments are around here.

Say if I find a property and I finally get in touch with a potential investor.Im sure he's going to want to know details about the property.What if he/she starts requesting property address.

I would require a detailed accounting at least every month and a comprehensive one at the end of the rehab.

We live in Kansas City, so we pay a management company that handles all of the details like contracts, payments, cleaning, maintenance, keys, etc.

I'm going to take dawns advice and ramp it up more and make it more detailed marketing system.

Without knowing all the details I would normally say the multi family Because of the cashflow and also the fact that with 2 units better protection against vacancies.

Would have increase my monthly cash flow by $500 per month.But after I took the family to go see the house before I put in the earnest money, my wife told me she did not want the house because it was 200 sf smaller, had a smaller yard and was far from our church.It first I was mad, since I had shown her all the details before I submitted my bids, but at the end of the day If the family was not 100% on board, I was not going to move forward with it.Now I must regroup and come up with a new strategy for my next transaction.Cheers Luis

I can look up anything from details of a lease to how much I paid for a HVAC service call a year ago to my FEIN in a matter of seconds.