I hoping the best for you, but I don't know what you'll be doing there and you wouldn't want to leave a messy paper trail back here if things didn't go as planned over there.

They’ll also know contractors and agents if you’ve never done that ether..Sounds like a great idea on paper, but why would they want to team up with someone who has no experience?

Learn not only whether a property is a good deal on paper, but whether it will be an attractive place that will consistently draw good tenants.- Formulate a plan.

As soon as I transfer to a new company I plan on emptying out my 401K (largest part of my net worth on paper) and rolling the funds into more RE or even a business.

Even me, the techno dunce, for awhile had a lap top, cell internet connection, to get on the MLS and a printer in the back with a power converter and paper, I could print forms from my car.

Believe it or not, sometimes tenants store wet shoes/boots or throw wet towels into the closets and leave them there.

(also, fear of litigation has about zero affect on me anymore, so I'm probably a little aggressive in terms of papering over every detail :) ) A consultation and longer contract, if nothing else, would educate a newer investor on the law and how things are done in the local area.

I think it had to do with not making a mess; she's also a fan of people taking their shoes off, and she rarely even puts out toilet paper (I don't mean to steer this toward a staging discussion, but she wants to discourage folks from using the bathroom and, again, creating a mess I'd have to deal with.

Before I posted this thread, I looked at it from the outside, sounded perfect on paper and I did the inquiring with lenders and crunched numbers.

On paper the deal looks good, but what happens if you loose a tenant?