Hey, I have a bunch of books in pdf form if you want them.

Hi all,After my mother and my step father checked out the location, it turns out the property is in fairly good condition...but it's the best property on an average block.

To be fair, I should deduct 5% for vacancy AND 5% for future renovation/maintenance/upkeep – bringing the income to $8,575/mo.

As for GFCI's, installing them is fairly easy and if you have any mechanical ability at all, you should be able to do it yourself, just make sure you turn the power off first.

I am fairly new to this arena, and am looking to network with other fellow Investors to hopefully do some business with.

Well vacman, IMO that's the difference between a noobie and someone (like me) with a fair amount of gray hair, much of it caused by REI.

I've normally already had the title search done, so I am in a fairly protected position even without the insurance.

If you cover yourself, choose a qualified tenant, and be fair all around, everything should work out ok.

I'm pretty sure that Ryan is correct about the usury laws, and anyway if you charge so much interest that the investor who's borrowing it can't make a profit you'll end up with a bunch of property that you don't want.I've made some HMLs and I've never charged anywhere near those numbers, although with points and fees I make sure I'm NETTING a very nice return.For those kinds of numbers you have to become a "payday" lender.

welcome Den,you'll find that alot of your questions already have been answers over a dozen times on this forum and on other websites.breeze through the topics, google alot of real estate terms and check out a bunch of sites.just don't make up a "plan" for investing in your first 3 months - you'll be wasting your time.