They could have easily given me a bounced check when they arrived or possibly stopped payment, and I wouldn't have known until just before they would have left.

I like knowing that the guests or the cleaner have arrived.....

While there are some people who like to form an LLC, elect to have to be taxed as a corporation, and then make an S-election, I have always felt that for 99% of situations the complexity does not justify the limited potential benefits (often you arrive at the exact same result).

72 is selling at 30% premium to South Beach, it would take a long time for the neighborhood to grow into $1500 sqf...I know you passed on this project but you mentioned that it's selling at a 30% premium compared to South Beach, which is interesting, could you elaborate on how you arrived at that number?

I arrived in New Zealand for work reasons, met my fiance and stuck around.

My most recent relocatable home arrived last week on the back of an existing rental so lots of work ahead getting it ready.

@Mark Hamrock where do you gather your data to arrive at your thoughts about the market correction?

I've ordered a couple books to begin the education process(they haven't arrived yet) but the burning question I have is "where will we get the money to get started?"  

Welcome to Real Estate"I am looking to start investing in real estate when I arrive there and I am going to obtain my real estate license for additional knowledge."

I am way more impressed with someone with multiple rentals and I couldn't care less if they own the house the live in.I have just arrived at the same conclusion, and begun the soul searching process which has led me to Bradley Turner's books, and in turn to BiggerPockets.