What’s a fair ballpark figure for a real estate attorney to charge for supervising my process of finding a tenant; over looking the section 8 contract and my own lease contract/documentations with the tenant; I’ll be using the online tools for application, credit report / background check and customized lease contract.

We have also built custom homes and did some land speculation.

While you are driving track your progress on the map with a highlighter, so that you will be sure to cover the entire area.If you use farming as a tool you will enjoy the benefits of working in an area where you are familiar with the neighborhood, your customers are familiar with your marketing, and your closing officer will become familiar with you.

I was shocked to hear that some of these "services" charge up to 2 months of mortgage payments (between $5,000 and $7,000 in CA).I'd appreciate your opinions and experiences with these services, either as a customer or entrepreneur.

There are alot of private lender hedgefunds bear sterns etc that have invested over the last 13 years or so in sub prime and thet dont plan on loseing as far as the banks bailing people out i just dont beleve it thats a smoke screen to make the look sincere what they do is take there down payment and home and get the next guy in and take theres to if they dont man up and pay for it its not something for nothing in this but anymore you almost have to have a degree in economics to understand it confusion is there trick of the trade every business has them theres no crystal ball that says you will have your business/job/same income for the next 30years there finacials change and credit only the strong servive there is psychology within life/money please dont get me wrong a mortgage can work for you if you understand the loan witch is 2 inches thick and only a 3 day recision period but statistics say that you will refi every 5- 10 years need a new car college tuition new born etc and many many other things happen funeral and you need to consolidate and back to 30 years again they have all or most of the angles figured out or at least the important ones what you like is your fault .

What terms are private equity and hard money lenders looking for?

It is custom to have 3 years income/expense reports and or 3 years tax returns on the property.

NEVER FORGET WHO YOUR CUSTOMER IS!

Short sales are filled with too much emotion and paperwork.Wholesaling, I would liken this too exept I dont have to drive around town looking for properties, just look at what banks have to offer.I really dont want to be bothered with Renting properties , although I do have it in my plan to hold on to a acquire a couple LO or sub2 for long term.To get started here in REO I planned to get a private money loan, last choice is hard money.

Although its not a private island its along the oceanfront and a similar scheme could be built on a private island.A long read but a heck of a story.