The part about if something breaks the bottom line is if you can’t afford to fix something if it breaks then having tenants is NOT for you…YET.

Well, since not much has happened on this thread so far, I thought I'd drop a line or 2.

With $100,000 in cash, one could reasonably get a line of credit with a bank for 2 or 3 times that, if not more.

I think it gives people a thought about REI is easy :nono: After reading I was waiting for the punch line of "BUY MY COURSE, AND YOU 2 WILL BE JUST LIKE ME"

I have asked my county building, and it sounds like the rules and guide line are in the lein list.

I would advise caution before you go cutting off his septic lines.

Unless it is common in your area (not sure where you are), having the kitchen and the only full bathroom in the basement could be a problem down the line.

without the broker who puts it all on the line - as the owner of the business - the sales agent would not make ****.forget the fees - if you don't like 60/40 - 50/50 i guess is okay.now if you're working in teams with other agents - then maybe the broker takes 30%.if the broker wants to charge all fees, to me that's just defeating the purpose of the business - but i know alot do that.

You see them everywhere- "Buy seasoned trade lines- only $1000 each."

Before you even make the offer on the house, I would recommend having a very solid exit strategy and financing lined up, along with having a couple alternate plans if everything goes to crap.If you want to tell more about the deal, your investment strategy/goals, and the market your in, I'm sure you can still get some more insight into things, even if its a little late on that particular deal.