Say if I find a property and I finally get in touch with a potential investor.Im sure he's going to want to know details about the property.What if he/she starts requesting property address.

I would require a detailed accounting at least every month and a comprehensive one at the end of the rehab.

I have learned much from this site so far and look forward to making many worthwhile connections!

We live in Kansas City, so we pay a management company that handles all of the details like contracts, payments, cleaning, maintenance, keys, etc.

I'm going to take dawns advice and ramp it up more and make it more detailed marketing system.

Without knowing all the details I would normally say the multi family Because of the cashflow and also the fact that with 2 units better protection against vacancies.

Would have increase my monthly cash flow by $500 per month.But after I took the family to go see the house before I put in the earnest money, my wife told me she did not want the house because it was 200 sf smaller, had a smaller yard and was far from our church.It first I was mad, since I had shown her all the details before I submitted my bids, but at the end of the day If the family was not 100% on board, I was not going to move forward with it.Now I must regroup and come up with a new strategy for my next transaction.Cheers Luis

I can look up anything from details of a lease to how much I paid for a HVAC service call a year ago to my FEIN in a matter of seconds.

LOAN DETAILS AND MONTHLY PAYMENT OVERVIEWLOAN DETAILSMONTHLY PAYMENT ESTIMATESales Price: (leave blank for refinance!)

To make sure he is responsible to pay back the mortgage, make sure you have a very detailed operating agreement that makes him responsible for the entire mortgage cost out of his share of the proceeds and holds him personally liable in the event the note is not paid or foreclosed on.