I give every tenant a 'cheat sheet' that gives them useful numbers, tips on troubleshooting common issues and how to deposit rent.

My first word of caution would be to be extremely careful if you decide to buy a place with your friend.

It isn't that the market has real ups and downs, it is that individual properties have extreme ups due to mortgage fraud and then they crash.

There is a school that I will be signing up with \ that offers the required 60 hours before I can take the state exam.My question is....Is it common to have in-active agent under Brokers.

DIL agreements are not common and they circumvent state laws and redemption rights.

Having said that, I agree with most of the other replies in that L.A. has an extremely high cost of living, California is not a business friendly or a landlord friendly state, and the real estate investing competition is extremely high as well (for both small time and big time players) .

I've been looking far and wide for common sense underwriting without a ton of red tape on SFR pools, and you seem to very much get it.How large would a deal need to be in order to convince you to lend outside of Texas?

NOTE: It is very common that beginner wholesalers try to wholesale listed properties and they quickly become known for not knowing what they are doing or looking for a sucker.

Chris,I know you don't want to go to Pittsburgh, but there is an excellent real estate investor lawyer named Brad Dornish, he has rental properties as well, is extremely knowledgeable and reasonably priced.

But I think, think, it might be cutting a path right down the middle between the two extremes.