I went on to give real estate investing a full hearted attempt in the first quarter of this year, but did not end up making a purchase.I'm now thinking of investing in multi family out of state, and I'm wondering if there are any books on that topic that I should check out.

or Will they collect 25% of monthly/quarterly/annual net profits then if/when it's sold, they will collect their principle on the exit?  

There is also the quarterly nut--meaning if you don't make a minimum level of closed loans, you're shown the door.Should I be encouraged--Yes. but so much depends on your loan officer.A note of caution--It's not over until the loan closes and funds.

You can't risk a great deal on a quarter to half million dollar asset on peeling paint. 

I have found in the past both as a employer and employee that a solid base with a quarterly bonus or commission tends get the most out of people.

@Mahan ShahverdiExamplesay you have appraisal at $100,000Rent comps $650 per moBank pmt PITI $700 per mo bank insurance taxes)Mortgage bal $79,0003 mo behindAmount to reinstate and get caught up $2000 Clean up $500You buy subject to the existing loan, get the deedUse a title holding trustPay the bank directly, using a note serving companyExplain to seller about due on sale clause, all bank docs coming to youInsurance policy adds you as additional payee You will send quarterly statements to former owner proving PITI is paid on timeRent out for buy and hold

Duties like rental collection are usually done once a month and routine maintenance is either quarterly or when something breaks.

Im hoping to buy my first property by the 1st quarter of 2018 and would love to find other investors in the Memphis/Jackson area talk about the great market that we are currently in.

They were going over with me how my 401k and roth IRA were doing over the last year and quarter and they showed me a return of about 4%. 

James Hamling also had an interesting post on this which seems to imply double taxation using an S or C Corp but is a different strategy than Addam's.Can anyone provide some clarity on how best to structure for asset protection, taxes and administrative burden?