LOL, bet by now you can tell I don't care for slumlords.

While I agree that there is much info already on the site, I don't agree that just reading is your best bet.

Your best bet is the gov's program, I think it is called homesteps.

Approval of books and records, physical inspection reports, loan documents, rental agreements and service contracts, or any other information requested by Buyer within _______ working days from the receipt of this information by Buyer from the Seller.2.

From what I've seen going tile might be your best bet in the south.

If you are set on La Quinta, perhaps multi-family may be the better bet for long-term cashflow.

One function of your deal is to give you experience with physical issues from tenants, repairs and payments, etc.

After the bank fiasco you can bet an appraiser isn't going to put his tail on the line and be duped into giving a higher appraisal than is justified, and in fact, most appraisers are being extremely conservative, so if you can't show "real" value, walk away.

But, not only is it not easy, it's probably one of the hardest things to do in real estate -- make money when you have no money by finding deals that are so good you can pass them on to another investor at a mark-up.I'd be willing to bet that 99% of the people who come here wanting to wholesale never do a deal.

Thanks guys,Thats a lot to take in.Basicaly I'm in this together with her.I've moved back home because she is unable to keep up with it physically and it cost her too much to pay someone else to do the work.So now all she does is the bookwork.I am running everything else.I am currently living in one of her houses so I guess she actually has eleven rentals.We are planning on expanding the business.I'm looking at some houses to buy and either flip or rent out if they don't sell.I've been a carpenter for 20 years and can pretty much handle any kind of repair/remodel.I'm not to sharpon the business side of things.So I will probaly be posting a lot more questions.