so is this like extreme home makeover where they Lease the property for $X.?

They have become extremely popular lately.

These questions probably are general knowledge and common sense, but I wanted to make sure before moving in.

It started off with a very motivational background which certainly pulls your interest in.The find it chapter was extremely helpful it came up with good techniques and it told you how to put together your "team".The Fix it part also had great insider tips, different styles, ways to maximize profit.The flip it part was a little vague, there was good detail in closing a contract but it seemed to be lacking a few things and just touched over other more important parts.I'd definately recommend the book it does a great overall background in flipping from start to finish.

Here is a short list of real estate terms to get you going.http://www.find1home.com/glossary.phpThere are more that are specific to investment but these are the most commonly used phrases and terms in RE.

Skippie, I'll second everything that monique said, with one additional proviso that you won't like and will ignore at your extreme peril!

Only time will tell whether it was wise to purchase a Condotel Suite for this kind of entry level price, however simple mathmatics and common sense dictates in the positive with increased optimism about profits from condotel operations -- where buyers rent their units for a share of the rental revenue.

Any late payment affects your credit score which is extremely important at borrowing time.

There are charities that will list your TS for free but you continue to pay your fees until it sells and, as it is probably becoming clear, selling one of these things is extremely difficult.

That type is the most common and protects the seller and the sellers realtor in marketing a home.