Your contractor or someone knowledgeable should be able to get a good idea from a visual inspection.

You could really get in a wringer if you charged the card on the 15th and they filed for bankruptcy on the 14th without your knowledge.

I am going to be soaking int he knowledge as I start finding deals.

People love sharing their knowledge with you.

For instance in Georgia the GREC (Georgia real estate commission) cares NOTHING about ethics.What they do care about is license laws.If you are a REALTOR for example you subscribe to the CODE OF ETHICS.In my state it is not required to be a REALTOR to have an agents license or a brokers license.Just because someone is not a REALTOR and has a license does not mean that person is not ethical.I see nothing wrong with a buyer or seller who has spent considerable time learning knowledge to gain a competitive advantage in a transaction.

You seem knowledgeable in this, is this something youve had experience with?

She seems very knowledgeable about the LV market, especially REO market.

You need to ensure that there is still this profit potential left by the time they take their cut of the deal.For the the most part, I don't trust many of these "turn-key rental" companies, but if you can find one with a good track record -- and if you are knowledgeable enough to vet the deal yourself -- it's possible that these returns are accurate.

I feel I get plenty of great info from BP and it allows me to step into a real estate lawyers office better armed with knowledge so i dont sit their nodding my head as he speaks not knowing what he is talking about.1.

Thanks much in advance and I am looking forward to getting back to the States where I can put into practice what I am learning on BiggerPockets... such a wealth of knowledge and all in one place!