good thing is your monthly check from the gov't is always on time, the bad part is when I had a section8 tenants they gov't came by with a check list on the whole house.. making sure all the windows and doors where up to code, all the plumbing was functioning, all the outlets and electrical was up to code.

Then there's the whole hook up with a broker deal to actually get access to MLS.

In many states dual agency is not even allowed by law.A broker or agent in many cases can still get the whole commission by having the seller or buyer as the client and having the other party as the customer performing "ministerial acts" only for them.Ministerial acts for example can be filling out a contract but not answering questions from the customer on what's the lowest they will accept and other key data the seller might have given in a client capacity.

On a rehab with holes in the floors and holes in the ceilings, I was heating the whole world for a month

One of the main advantages I see would be that I could have say 4 properties if I could find 75% financing and achieve a higher return (I am looking a long term wealth compared to current cash flow) AND I would have quadruple the appreciation.From a legal perspective, I will let others chime in.

My biggest gain in this whole thing is do the numbers and look at 100's of properties a week to get a feel for the markets and property's in the areas your interested in.

I've not read the whole thing myself but it's been floating around so thought I'd share it with you and others.

Otherwise, if you take the whole expense, anything else that comes up might be seen by the tenant as "that's the landlord's problem, I'm not worried about it if it gets worse."

I'm a recent college graduate (May '13) from Raleigh, NC who has moved to the Saint Louis area for work after graduating.I'm new to the whole real estate field and feel there is a lot of opportunity to learn and profit from.

:) I love meeting experienced wholesalers, because there are not a whole lot of them around- so please, jump into any conversation you can help offer advice or anything!