There is a national apartment association.

You can find the data on the 45% to 50% expense numbers that I used through any of the large apartment/landlord associations.

For each comparable sale, the appraisal must include the names of the buyer and seller, the deed book and page number, the date of sale and selling price, a property description, the amount and terms of mortgages, property surveys, the assessed value, the tax rate, and the assessor's appraised FMV.

But, not much on best practices for starting an association up.

I'm the CEO of NARREIA, the National Association of Residential Real Estate Investment Advisors.

So, I'm not too miffed about the money, because I'd gladly pay for a good seminar or course.The real reason I was mad is that I went to the Rich Dad Education program thinking it was a new program.Instead, it was the Russ Whitney program (which I have really bad negative associations with), hiding behind the Rich Dad name.

The data is available at any of the large apartment associations/landlord associations.Most new landlords start out reading some of the guru books and use the guru formulas, which don't include many of the actual expenses.

So, I would keep studying; join your local REIA (real estste investors association); meet and make friends with the successful investors in your area; and get out there and look at 100 or more houses in your target investment area (inside and out).

Join your local REIA (real estate investors association) and make friends with the successful investors in your area.

6. what are the risks associated for YOUR PARENTS to become involved in this?