It was an extra $13K (up front), and $3K/year renewals afterwards.Having experienced what we and 500 other investors have experienced over the past several months -- i.e., being taken to the proverbial cleaners by a syndicator who was once a LU member but decided to quit and go bat-**** crazy -- I'd never join again if I had the knowledge I do now that their sacred "white paper" (rules for syndicators/GPs/"leads") has absolutely no teeth, and that they do not stand behind the passive (limited partner) investors once something goes awry.  

I'm an out of state investor looking to get into the Johnstown buy & hold rental market.

@Amanuel GebrelibanosIf you are going to buy or sell 1 or more houses a year than you should get your license if you want to save money.

Don't think of that 3k extra nut you want as something you get in one fell swoop.

You could then buy in a nicer area and have your money work for you while still having a primary residence. 

I'm wondering if it would make sense to source modular homes in China and have them shipped to and assembled in markets like Memphis, Atlanta, Birmingham, and other where you can buy vacant lots with utilities for as little as a few thousand dollars.

Most Costa Rican mortgage loans require %50 down which we have the cash for but we don't want to tie up that much of our liquid assets in one property as we intend to buy a 2nd property in the next year or so.

What is your buying criteria?

@Eric MartelMr Martel, with the significant jump in interest rates the last several months, are you still finding buy and hold investors to purchase the properties after the flippers have done the rehab and placed a tenant?

Usually, I buy with cash.