I very rarely get in my car after a lease up - I make phone calls and every person I use for repairs gives me a progress report.If you already have property management experience, why buy the franchise?

I'd have to bet that small note investors, portfolios of less than 5 million, simply make assumptions.

here is the article in the RJ Click hereWanna bet the banks start paying the HOA fees current now....Those that went all in and purchased at the HOA foreclosure sales just hit their number on the roulette wheel.

I'll be working with him on his business (financing, sales, marketing... the areas where I have experience) while simultaneously building my own/getting experience.I know there's a lot of wisdom to the contrary of jumping 100% into real estate without the safety net of a full-time job... but I'm going to make it work :) I'll post periodically on my progress and invite and value your feedback (including your thoughts on the above)!

You can bet when the banks sell their REOs they will go for FMV or above and also you have the Chinese people to deal with, and they will pay more.Joe Gore

If you could put in $X and boost rents by enough to provide a solid return, you bet I would do it!

Your best bet is a good insurance policy."

(first look period).You should have a understanding of what buildings will and will not qualify for conventional financing, of course the best deals don't qualify.Take your time and look at many properties,Solid buildings that mostly need cosmetics are your best bet.

And I think Concord is a good long-term bet, and likely more consistent appreciation than a tertiary Bay Area city like Richmond.

Sounds like you've got a good head start and I'm looking forward to hearing more about your progress.