I'm used to managing my own properties and being within driving distance.Anyhow, I look forward to participating and thanks for all your contributions!

That idea, takes you out of the project, you removed your capital contribution, you no longer have a monetary interest.

Roofing costs are one thing I know little about, so I need to do some more research...There are lots of things that contribute to the cost of a roof, so don't go by "normal."

As to the contract, they may buy as agreed but they usually are not allowed the same equity contribution for loan purposes.

Later as you build up your reserves - you can start to increase the amount you contribute towards a property and still maintain a solid reserve amount.

Since we have not contributed to any wear and tear on the gate (vacant lot), is this legal?

.~ Words can't express the gratitude I feel to everyone who has contributed.

My wife and I max out our IRA contributions monthly, and we're considering real estate investing in order to put to work our excess savings.

Sellers can contribute no more than 4% of the purchase price for closing costs and prepaids?

If you're willing to buy good rentals, even if they're not where you would choose to live, and the move on after a year or two, you can repeatedly apply that strategy.If you're determined to buy rentals, contribute only enough to your 401k to get the company match and put the rest of what you would have contributed toward the next rental.Avoid the trap of thinking cash flow = rent - PITI.