If you are serious about landlording and make it through this and want to keep with it, buy the book "Every Landlord's Legal Guide", it's a MUST have book for landlords (look it up on Amazon).

Weathie: Thanx for the response, you are totally right, this property will never be a winner in terms of cash flow and its keeping all my money tied up, I guess it's just hard to sell it since it's been in the family for over 20 years (you know how it is, emotional ettachment lol) As for the triplex thing everything was done by the book, 3 appartment approved by the city and ive got the right zonage so no problems there.Here's my financial situation : I have a full time job earning me 43 000$/year plus benefits, I've got no debt whatsoever, and I don't have any savings except for the money in this property, a small 3000$ in the bank and my retirement account wich I can't touch.

I have been reading books, buying real estate investing programs, and perusing real estate forums for the past year.

I have read all the books Russ Whitney, Robert Kiyosaki, Robert Allen, etc., however I feel a little unsure considering that I own a part time tree business and haven't worked a nine to five for about 2 years.

Of course, if I purchase a sub-dividable lot then it's possible to put more than one mobile on the land...btw I read a Lonnie Scruggs book and recommend him :-)

Read the book Lawyers are Liars by Mark Kohler It will teach you all the ins and outs of asset protection and setting up your company.

This is like a book in itself!

It could affect your consideration and amount you're willing to pay.2) Make it your mission to know who realtors think is a great home inspector and book him immediately.

One wonders if the independent is being squeezed out completely like occurred in the book business I was in years ago.

i am going to be asking questions. i sure have a lot of them that "guru books" never seem to cover...like WHERE do you buy materials?