Usually, in my area, the key word there is "family", and how that is defined determines whether the set-up is legal or not.We have areas that define "family" as up to 3 unrelated parties, and some stop at 2 unrelated parties.

First define how much capital you have to start with and then lay out your plan and goals.For a flipper with a license you can save on the resale side in commission costs.For a long term hold buyer you just really want the deal.

Define recovery.

We are definately going to set up a meeting with a local real estate agent to see what we can realistically expect for both selling and renting.

But on the PM side, I'm not hearing 'my PM uses a well defined collection process, which is ...' to address any collection accountability issues.

When it is all said and done you can get into the ball park with value and remember it is defined as the price a seller sells and a buyer buys in an open market arm's length transaction.

"market vectoring" is a term to define market direction and velocity.

here in los angeles, wells fargo definately rehabs all their properties, where a bank like chase will not.

The reality is that the best "workers', however you want to define that work, will rise to the top of any profession.

It sounds like I definately need to re-think this.