I have been reading through the articles, blogs and forums non stop since I found BP a couple of days ago.

I already use the keyword alerts, thanks for the tip.When you stop by at the womeninvest club meeting let me know, I might be there too.Thanks Kyle J.!

I stopped buying 4plexes in Las Vegas in October because the retail price of the properties went beyond the 2% that Joe O mentioned.

As others have said, don't let them sign a lease until rent and deposit are paid.Personally, I don't stop showing the house and looking at applications until I have the security deposit.

What they can do is lend out on local properties that the other banks might not touch and also will ease qualification requirements on borrowers some.

Jack Bobeck, if you are going to borrow money from a "private lender" who, for purposes of this conversation can be assumed to be less financially sophisticated than a bank, I feel you should be willing to stand behind your signature.

You would borrow an extra $50K on top of the already $30K you have already borrowed at 7.9% interest.

Repairs that were needed went unattended, tenants stopped paying and repairs now are in the thousands.

Many “investors” overlook or dismiss these red flags.Several years later, one owner became desperate and had to borrow $200,000 against their personal home just to pay bills.The other owner cannot make the property appear good enough to lenders to borrow a cent - not a cent.

One thing to ensure is that the borrower has insurance and assigns loss proceeds as a lien holder.