With two rentals, you're already ahead of the game and are well on your way.

And besides, I'm in this game for the upside, not the monthly rental scratch.

I've come to my senses and am in the process of trying to establish a systematic approach to doing one.

The agent has no idea if the tenents have even been paying rent in the past year or anything about leases.We are worried about establishing any info on tenants if we buy the building.

Some will want some of your skin in the game, some would lend the $65K.

This is essentially a numbers game.

Lending to a SDIRA is a different ball game as the loans have to be non-recourse, we do these loans, just at a lower LTV.

Use a NOI at 50% of GOI... price it at a 10 CAP Rate and you'd attract investors.Start playing games where NOI is 70 - 80% of GOI... have a CAP at 6 or 7 and you're looking for a sucker.Also, put together a solid package, do the work for the investors.

Apparently Personal Real Estate Investor Magazine agrees, as they intend to push an effort, along with an accounting firm, to establish and publish standards for companies to follow on a voluntary basis, which would entail the inclusion of these expense items in advertisements.

There are ways you can protect yourself from the insurance company's games by sending letters and such.