These notes and real estate are usually liqudated at the first opportunity to acquire marketable securities that are easier to value.

thank for the info. i meant tax exceptions and writes off lol. but how would one go about using a property thats paid in full clean title as collateral. would it be better to take equity out the home (while its being rented) or is there another way to finance the purchase of another property using the existing one as collateral.

And he even said that it would be easier for me to get another agent to represent me.

Today I much prefer the turn key/rent-ready approach (as do my clients) because they're easier, less risky, and there are so many goods deals out there.$20k is very low - even in many of the more depressed markets which I would strongly question looking at, especially for your first investment.

Also, for good tenants we tie the increase to a small lease renewal perk like a free house / carpet cleaning.

The paperwork with getting the contractors lined up, etc was a pain but I think some banks make that part of the process easier than others.

Hopefully you hold title in a tightly maintained LLC, that's preferably NOT a 'sole member' LLC.However, it does need to be addressed immediately, a local investor friend of mine just got nailed $2000 for failure to clean it up on time & his units are empty, & he can't rent the units or sell them until its done.It appears that his local Bldg Inspector was roaming the 'hood for violations & had several local landlords in housing court.Lead Paint ramifications are a serious issue that is haunting our local landlords, esp the uninformed.good luck & keep us updated...

Taxes, HOA fees, interest, insurance, cleaning, repairs, lawn care, legal fees, CPA fees, etc.

Life is easier on the payer and you get your payments when they are due.As for the grace period, nearly all legal documents state “due on or before”.

Keep it clean and simple