That was extremely helpful. :)

I recommend not reading any books until you've exhausted all the great FREE info here on BP.

I'm going to start off by saying that I am extremely new to social networking sites, I have none but this one honestly and I'm 20 years old.

There are numerous options that must be considered and many costly mistakes that need to be avoided.Seeking professional advice from licensed professionals who are knowledgeable about the areas in question can be an extremely wise and very economical decision considering the alternatives.May your future be full of great success.

Education and Experience Are Critical to SuccessThe real estate profession is extremely complex with many intertwining segments.Because of the complexities of the real estate business and the need to be more competitive by knowing more, education is critical to enduring success in any business - especially in real estate.

Therefore before anyone partners with you with their money they will likely want to make sure you are extremely knowledgeable and have done your homework (it also helps if you have some experience in this field).Therefore I suggest doing your homework and even drafting up a complete business plan to show potential partners that their money is safe and likely to grow while in your hands.

I am exhausted from just reading this thread!

He eventually did get back and he said that before he could even show the house to anyone, someone had gone directly to the bank with a cashiers check for 90k cash and bought it sight unseen.J Martin- Thanks for the detailed response, I'm extremely familiar with the area because I've done handy work on these college properties before, and I also went to the college where all these students are from, so I've been in many of these homes.Missed out on this one, but I am sure there will be more, and I will continue to keep looking.

It is an extremely bad idea unless you are flipping.

So next vacancy, we went to the opposite extreme and did it ourselves.