It's through an investment firm out here called The Home Ownership Roundtable.

we can also determine from that calculation that Toby needs a life!

I have no real experience to speak of, just a desire and determination.

I asked my CPA if I could require ownership of a secret decoder ring to get to my records, and he just rolled his eyes.

Check out the neighborhood; understand the comps; determine any repairs needed; look at the leases; etc, etc, etc.However, assuming all that is satisfactory, the key point with rentals is to make money.Here is how I see your potential deal:Gross Rents: $3,890Operating Expenses: $1,945NOI: $1,945Mortgage: ($99,900, 30 yr, 8%) $733Cash Flow: $1,212 or $151/unit/monthThis is an EXCELLENT deal from a numbers standpoint.

So far my biggest mistake has been not being able to look at a project and determine whether to fix or replace.

They had what looks to me like a fairly convoluted scheme with ownership of the trust, 10% by the trustee lawyer, 40% for the LLC and 50% with the resident.

You can have 50/50 equity/gain share valuations to determine the purchase price in the future.

I want it to look like he is treating it as if he has a fee ownership in the property.

Whats important in determining if they are qualified?