The cleaning fee she charges me is an additional fee charged to the tenant when booking so it is not out of pocket.2) You can easily self manage if you have a person out there you trust as your cleaning/maintenance person. 3) I know it's only 10k a year profit - but in the long run it's paying for itself and in 10 years when I have it paid off, it's going to be 330k (more at that time) in equity - thats why I am doing it.

Robin,So what did you use, a land trust?

You'll want a deed of trust (or mortgage, if that's how its done in your state), a promissory note, and a deed.

One thing I am noticing is that almost all of the people that have a Notice of Default on their trust deed owe more than their house is worth.

I like the idea of an lease option, but I'm concerned about putting a lot of money into repairs and trusting the owner to not get forclosed if he owes on the property.

I know they work extremly hard too save the borrowers home in many ways.

Many people with whom you’ll be trying to buy properties from or sell properties to will know your name – and be more willing to trust you – as a result of your prominence within your local community.•Seminars – Giving free seminars in a real estate-related niche can increase the size of your portfolio.

Its like they do not trust me.

Then, with apartments you go from one extreme at market high end rentals to the other end managing Section 8 or tax- credit properties (can be a nightmare).

this would be considered extremely bad......