Definitively a faster method :)Thanks James, yeah I will look for them, think they are on a hard drive backup somewhere.Now I just have to find some decent tenants.

Likewise, I know I may have to make a(/some) sacrifice(s) to achieve my endeavors so I might be able to pursue your method after relocating to my basement.

He also receives higher than average market rents by NOT taking a security deposit, thereby opening up his market to several renters who have the income, but not the savings.Will his methods work in other areas?

I appreciate your input though, because you give me a ton to think about, and really cut to the chase as to the quality of this one.

We looked around and found a a place we love that rents for $1,375 which is more than we've ever spent on rent, but our real estate back home is doing exceptionally well so I figure we should spend a little on quality of life.

Originally posted by Will Barnard:That Realtor (listing agent) would get the seller's side of the commission, I would come in with my agent who would get his/her side (buyers side) - or I offer the list agent to double end and possibly kick back some to me, then I keep the spread between the locked up price and the price I charge my wholesale buyer.of course most listings these days that are anywhere near a deal are short sales or REO properties in which case they are not assignable which means I need to double close or use some other creative circumvention of that dilema such as using a trust or entity.Will is correct and that is the preferred method....

Now I will add the caveat that this December and January have been the worst I've seen in six years with respect to tenant quality, such that a couple of colleagues and I actually stopped marketing our properties in the beginning of January.

Area is suspect, not war zone but always historically low vacancy and low quality tenants.

(Tax lien, purchase, inherit, etc)If you businesses method of accounting is:AccrualThe eviction costs go into your basis of that property if you are on an accrual basis for your business.Cash BasisIf you are on a cash basis you will deduct in the year you paid the expense.This is assuming you are regularly in the business of dealing real estate.

Again, I know someone who used to teach RDPD training and I know plenty of details about the quality of training and the tactics used to extract $$$ from inexperience and naive investors -- if maintaining an overly harsh tone will save even one wannabe investor from throwing away hundreds/thousands/tens-of-thousands of dollars, I'm happy to maintain that tone.