Instead, you need to see the overlooked opportunities that are all around you and act on the vast sums of untapped income and unclaimed success just waiting to be harnessed.You probably spend too little time studying the most successful, innovative and profitable ideas people in other industries use to grow and prosper.Yet, if you start focusing on other industry’s success practices, you’ll be amazed at how easily you can adapt these ideas to your own business situation.Suddenly, you’ll see significantly better ways to produce significantly better results from the same time, manpower, effort, activity, and capital.Vision isn't easy.As a result, most people let the opportunity of a lifetime slip through their fingers & live to regret it; but in this case I could make it easy for you to Not let this one slip away so that you can take advantage of this unique opportunity with zero risk.Instead, you need to see the overlooked opportunities that are all around you and act on the vast sums of untapped income and unclaimed success just waiting to be harnessed.In a recessionary economy like this, some 30 million people could be out of work -- they lost their jobs, got put on shortened work week.Millions will be (or are, right now) aggressively looking for business opportunities they can purchase or start.Though most of them don't have a lot of cash to invest, they still need income, they need work, they need productive activity that makes them money and keeps them feeling worthwhile.I believe there’s not one business owner or startup I’ve ever met in North America (and probably the world) who couldn’t, who shouldn’t broaden their perspective and think about how to grow yourself a small or large business empire.And that can mean nothing more than multiplying the size of your current business many times through external leveraged buyout acquisition activities.Or it can mean multiplying it through a roll up.Or it could mean buying complimentary-type product and service businesses.Most people in business - or wanting to start their own business - set their sights too low.They’re often content merely to have a so-so business that makes them a barely livable income.But why start a business that has a one in thirty chance of even making it five years –when you can acquire a solidly profitable existing business that’s a huge, proven moneymaker that has a high certainty of working - using none of your own capital?

Don't believe everything you read ... by and large, making money with zero down is a bunch of guru hype to lure in newbies that are not financially sophisticated enough to recognize the dangers of attempting to do this.

Are there any recognized bookkeeping/accounting practices we should learn about specifically related to owning/landlording real estate? 

Since California does not provide for formation of series LLCs but does recognize foreign series LLCs, is this the best way to own many different properties, each in a seperate shielded entity under an umbrella shielded entity?

@Nicholas Chou its time to make all communications be in writing so you can document any threat.Put his number in your contacts so you can recognize it and let the phone go to VM, and keep any threatening messages.Lastly, make sure you are correct legally in your actions, and report any escalation to the police.I don't respond to verbal threats, but I do return fire...

In your experience what have been red flags that you should have followed but didn't or you recognized early and were able to remove yourself altogether?

@Benjamin PekarekOld timers like Bryan have typed books for answers and over time you can recognize the short hand folks like Bryan use as the experts ponder the responsibility we all have to help new folks avoid big problem areas vs being verbose for no benefit.  

I've been able to establish relationships with various professionals over the years that have proven to be mutually beneficial.  

Joe Bertolino Be certain to recognize that state laws vary greatly. 

It amazes me when property managers don't recognize how cost prohibitive some of their services can be, however, I don't know what margins their businesses are running on.May I ask you a follow up- You said you included these performance metrics in your RFPs, what % of management companies responded And were actually willing to take your ideas seriously (of course allowing for a little negotiation).