Definitely keep close to BiggerPockets as you move forward, and if you choose to make Real Estate your "new venture" I hope we can help you get there!

Then you can choose whether to have them sign a renewal for an entire year, or whether to have them sign and agreement saying it converts to month to month.

Good reasons.No floor time, there is a call line up, no open house requirement.For both I can venture into commercial if I choose....don't know yet seeing I own more commercial.The split is not the main issue, although its the bulk of this post.I only heard #5 has good education.

"The happy happy" note definition from Jimmy Napier has been my mantra for the last 12 years , " I'm happy if they pay and I'm happy if they don't".Choosing a Low, no or negative equity strategy, you will need to spread risk with a portfolio model.

We missed the window with the condos we rent now, they bottomed out at $140k and $160k for a 2br REO that needed paint/carpet then quickly climbed back to the $200k mark for similar units in just a few months.

I am seeing many more banks putting carpet and paint in on REO's to sell the home buyers instead of investors.

Give 'em all you got and they will sift through it and choose what they need.

We choose each for various reasons.

If it is SOLIDLY worth $300K, considering the low end comps (not the best ones, an appraiser won't choose those), then you need to buy it for, say $200K.

For example, if I were to find a property for 125k and it need say 25k to paint, lay some new carpet, add a washer and dryer etc., how would you raise that 25k?