These are just some things to think about.Before you make a commitment completely, write it out, maybe do one deal if your due diligence checks out and then decide if it is right to form a team/partnership.It can be exciting but take the emotions out of it and structure this like a business.

I actually thought that in REI, it would be vastly different, but experience and personal development are still eminent :-) The mistakes I've committed in the past have definitely prepared me for this, and I look forward to the challenges with it.

.$5 each day afterno pets/smokingmonthly inspectionmove-in report signedholding deposit prorated if longer than a week....carried over to deposit if lease signedrent history(no evictions, foreclosure on case-by-case)gross income 3x minimumwaterbed----> renter's insurance with me listed for payoutnot fish tanks or containers exceeding 5Galupon vacating: security deposit will be subject to move-out report and pending utilitiesthis will be a trial period, after tenant has a good track record with me then I will commit to a 1yr lease with all adults on lease jointly and severally(no more than 2)Let me know if i have missed anything, and I appreciate all who have taken the time to read this!

This is a two year lease and I didn't want to commit to being responsible for anything else - I just received the water/sanitation bill and I'm already regretting that I didn't distribute that cost.

Im not sure what the universities are doing with their money but this would be a great investment for anyone who took the time and committed to it.

I had Little to No Money & No Experience but a few REI Boot Camps- basically No Experience...To say I've had a lot of Failures during my 14 years of being involved in studying REI is an Understatement...If I was starting all over again, and my objective is to be able to build a robust REI Biz that can allow me to rehab 6-12 homes a year, wholesale 2-3 properties per month, and build a rental portfolio...I would first focus on getting good at one objective first...Generally most people start out wholesaling because it doesn't require the money or experience rehabbing or landlording requires...I would start with Wholesaling...go find 5-10 very good rehabbers and find out their Criteria for a Great Deal...Commit to building Value for them and ultimately a great relationship.With this you will already have buyers lined up, you know what areas to look for properties in, and you can research public record and see what they are paying for properties on the acquisition(and also ask them, but keep them honest by researching public record)...At this point become the best wholesaler to these rehabbers...you will learn a lot just in this process alone...How to evaluate Comps, Repair Values, Neighborhoods, etc...Which a great wholesaler will know how to do...It will make your deals easier to sell...Ultimately I would see which one of these Rehabber will be open to the idea of partnering/mentoring me on how to get into that arena...They may even allow you to follow the progress of their deals...Every deal has its surprises and over the course of 10-20 deals you will get a real life idea of what those surprises are, and even understand the "reason why" you calculate certain contingencies into deals and also what are the most costly mistakes or repairs to look for and avoid on deals...The value of this Experience will accelerate your learning curve...In my experience one mistake for a beginner can cost you a ton of money and even put you out of the rehab business.There is no way you can learn all the mistakes you must avoid by reading a book or taking a 3-day training program.

But motivated an committed to breaking the ICE in this WHOESALE GAME.....- R.

If it is, and you don't disclose that you'll be committing loan fraud.I wouldn't count on a cash out refi, but a rate and term to pay off the HML is possible after you have the house rehabbed and rented.Don't head down this road with no cash of your own.

THAT would be an upsell that would justify not having control over the server side and being committed long term to IC....??

Or you can call a Realtor and have them do the research for you, but they will expect and maybe even require you to sign a document committing you to them, called a Buyers Brokers Agreement.