We have equity in the house, but I've been told I'm not to involve our house in my REI plans.

However, I have read some 'experts' that say unless you practice with your semi on a regular basis you are better off with the simplicity of a wheel gun.AdrianG: after you spend some time reading the many useful posts all over this site, you will see that some of us rent to low-income tenants where we are actively involved in cash rent collections, delivering eviction notices, chasing drug dealers and other undesirables off property, doing repairs at odd hours, etc.

You can certainly find those deals, but the competition involves rich daddies buying property for their little angels, as well as 'investors' still betting on appreciation and willing to take on zero to negative cash flow.But I like my college rentals, and am closing on another today.

Apparently there are not a lot of houses that change hands (at least at arms length or not involving investors), as the area is pretty stable, so most of the comps in my original appraisals are just a little older than those dates.

Hi :D I live in San Diego, but I am back in my hometown of Memphis, Tennessee now involved in a partition suit I filed against my big Sister on 1/23/08, because we co-inherited our childhood house from our Mother who passed away in 12/2003.

Thnak you for the input Wally..I have another question for you all..My father is interested in getting involved in this me.

I have been involved in numerous joint ventures as well.What is your area of real estate interest?

Buying a property, although a little more involved, is not much different than buying a car.

I am not working with an agent right now but I have a few agent friends if I need to get them involved and the house is listed with an agent.My request is for an offer letter example.

--- I have been closing for ten years and heavily involved in REO, Foreclosure, and Loss Mitigation for five years....