Not saying what you want to do isn't right, just saying there are other options and considering the real commitment involved with real estate, you should do yourself the favor of knowing as much as possible about what is out there.

The commitment letter actually noted that the lending institution could require personal guarantees for 25% of the original principal at their discretion... but they opted against it for some reason.

We've committed to 3K per child per year of college, which is 57K over the next 10 years.

Furthermore, sending them a gift card at Christmas and taking time to meet them in person (even if you are using a property manager) sometimes means the difference between a long term tenant and a short term one.4) In places where grow ops are prevalent make sure you visit the home every few months.Those are some of the things that come to mind.

Monthly may be hard for me to commit to with my schedule for my day job but im willing to give it a shot.

In fact, i just finished tweaking my 31sfr, $1M plus portfolio rent roll and it was prevalent on my mind when posting my wholesale comment.

If you buy it under the guise of being an OO, but don't actually plan to occupy it as an OO for at least a year, you're committing fraud.

It says you are committing equity skimming in FL if the you buy the property "subject-to", collect rents and don't pay the mortgage.

He is doing additional research before he commits to an answer, but is leaning towards the same approach as I got from the TurboTax adviser.

In late 2009, Lagow filed a whistle-blower complaint under seal, charging that Countrywide had committed fraud and violated the U.S.