Interesting read above about Union County limiting it to 5%...I didn't realize that.

Whenever I speak to a group of students interested in real estate, I always stress the importance of networking and simply asking people to coffee.

They are all in decent areas.I like the program.They pay all or a large portion of the rent.The tenants take care of my houses and stay a long time.

I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

Hello, I'm new to the forum and would keep learn more about investments.

Even if that is not your intention, the IRS could decide that is what it was which would mean that the seller would have lost his 1031 ability since he "sold" you the house when he accepted the first payment.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Hi BiggerPockets Community,I’m heading to The National Due Diligence Convention in Houston this weekend.  

The key is going to be showing the long term gains, since they won't see any returns for 1-2 years. 

Welcome to the BiggerPockets community, Elimar!