Anytime I can secure easy funding for more than I can earn - its a great deal!

This is against public policy in NC under the liberally construed Real Property Marketable Title Act statue and its related case law. "...marketable record title shall not affect or extinguish the following rights... (11) Deeds of trust, mortgages and security instruments..."

I would also be interested in purchasing other investment properties but starting with the homestead would be a good start.I have found some great programs for resident physicians who have secured residency positions but I am about 7 months away from being in this position.

My investment would be secured by Deed of Trust.

Whether the wording is enforceable or not, most bank will not honor a conditional endorsement and you need to have a special arrangement where you verify the endorsement before the item is paid.I believe Beneficial finance or maybe Houselhold used this idea at one time (maybe mid 1990's) where they sent out $5,000-$10,000 checks and people that cashed them had an instant second mortgage, maybe it was unsecured, but the homeowners believed it was secured by their Real property.

Also I would like to throw my hat in the ring on the 8 units in WVC.

Don't be too shy on securing more if you can continue to get those types of numbers.

I am not sure on the specifics regarding the costs associated with tenants abandoning personal property.Since we have 30 days to refund the security deposit, and if the tenant does not or refuses to claim any abandoned personal properties after X number of days, can the cost of storage or removal be deducted from the security deposit?

You also need to take into account if your competition is waving the security deposit for qualified applicants,charging a pet fee or not,paying for any water,sewer,trash for the tenant included in the rent,including appliances,or giving a rent credit on move in, and many other factors.Rent rates can look good until you see how many landlords you are competing with,quality of the product,and incentives given driving down the net rent before debt service and depreciation.

Don,Will,and John are right on.What a typical Guru will do is throw the meat out there and get the potential investor in a frenzy and then they will buy a course to only get mostly fluff.I can tell you being a commercial broker and investor is hard work.I was breaking down trash the other day from a tenant that left so that bulk would pick it up from one of my units.I don't look at the work but where it will get me too and the experience and learning.Once you accept that you will work smart but also very hard you will get ahead.If you keep believing in silver bullets to instant riches then you will spend years trying every BS infomercial and magazine gig out there.What gets me is people with an investing dream getting the little money they have sucked away by a GURU that thinks they are just a number and revenue builder making them richer and richer.