I ended up losing money on rentals (in good condition) in nice areas.

A buyer could do a final walk through Monday morning to confirm the property is still in the same condition as when it was purchased.

I have no idea what she's seen for a price but would rather she pay more for the bigger unit obviously.Third problem is the unit she is vacating will be harder to fill since it is smaller, so I'll have to take less rent there too.Obviously, I will double check the current condition of her apartment before I let her move to the bigger unit.

Not only will that type of loan take 30-60 days to close, the condition of the property may be such that it can't even be financed by a bank, whether you're holding a pre-approval letter or not (that letter from the bank doesn't mean they'll take a distressed property as collateral, they won't!)

It will have to be cash (or hard money), because a conventional lender will not lend on a property in the condition it will be in for that price.

Do you use your title company lawyer or your personal RE lawyer or what?

I'm not a lawyer, but issues arise where partner could sell share to stranger, potentially force a sale, who pays repairs, turnovers, & mortgage during vacancies, credit ruined if you're co-signing and other one doesn't pay timely, tax liability, etc.

I laughed at this comment from that link:Originally posted by commentary from article:...A tale of 3 bloodsuckers: The bedbug, the landlord, and... the lawyer. ...

ie=UTF8&condition=usedThe key when presenting Alternatives to Mainstream Investments is to know your stuff regarding wealth acccumulation - retirement planning.http://www.amazon.com/gp/offer-listing/0757001327/ref=dp_olp_used?

I was thinking of starting out with a foreclosure property in functional condition that will not cost too much to fix up.