On one hand you have a partial rebuild in which hard money comes into play and you need all the right financing to get it done!

You can play by yourself or with many friends.

IF YOU PLAY WITH FIRE YOU WILL EVENTUALLY GET BURNED

Basically, you can't do any deal with your self, spouse, your ancestors or descendants, or anyone with a fiduciary relationship with one of these people.There are also some funny taxes that come into play in certain situations.Jon

Not much room to play here.

Those who are professional tenants and know how to play a landlord are the ones you really have to watch out for.

I thought you could only do that kind of value play on a big, commercial multifamily.

I waxed poetic about being 'retired' by now-- having 'systems' in place to do all the cr*p I basically have to do day in and day out.I traded my 9 to 5 for a 7 to 7 because I LOVE it, but my wife likes to needle me about my grand ambitions and wonderful plans for freedom and so we've sort of dubbed the phrase 'fool time' investor as a play on 'full time'.

I think that would be doable but I just haven't wanted to (or needed to) play with it.The percentage is based on the amount of work the birddog actually does for me.

But I say the term mandate is another made up title just the same as the term compiler comes into play!