The phone rang and it was one of the investors from my local REIA.

ncskier,The operating expenses include taxes, insurance, management, maintenance, vacancy allowance, advertising, entity maintenance, legal fees, utilities paid by the owner, damage done by tenants (beyond the security deposit), evictions, court costs, lawsuits, office supplies, phone expenses, etc, etc, etc.

They aren't listed in the phone book.

Doing them yourself is fun, and you can print off one page at a time that way if theirs a mistake or if their's a change in your address or phone number or email, you can print out another page of cards with the updates you want.

We have scheduled the next meeting for 23,June 2007 at 10AM in Downey: [b]Location: Bakers Square Address: 7954 Imperial Hwy, Downey, CA 90242 Phone: 562-923-4213 Time: 10AM[/b]Warren and I look forward to seeing you all there!

Do I have to communicate with the realtor via phone at all?

All you do it talk to them like once a month on the phone.

Are you going to watch the investor answer the phone?

If you put an ad in the paper you're phone ends up ringing off the hook.

If you mean running the contracts via fax between everyone and dealing through email and phone calls as well, then yes it is perfectly viable to do that.