The most successful technology business owners don't write software or build hardware (even if they're good engineers).

I just inspected a property yesterday, and got my first real look at it.Here is the information:Asking Price: $15,675On the Market: 79 DaysComparable Comps: 25-35K (I believe this to be a little low right now (The area just a few years ago was roughly 55-65K)Expected Rent: $500 to $600I did not factor in Closing Costs, but I figured a $7,000 bid offer with a contingency for inspection.Since most of my cash will be used up in the initial purchase, I plan on using the property as collateral to secure a personal loan for $12,000 at 7.5% (Not sure if this is too high) over 5 years.I assume that I got the COC correct?

Met with the new tenant around 10 am to collect security deposit and first month's rent, and sign the lease.

A certain percentage, of course, live too far to make regular visits.I suggest using skip trace software or a cost-effective researcher to pull your PR's addresses to complete your list.

For co signers, I require social security number, employer and annual income.

Setting aside the security/liability issues, you can now put on Smartkey, which makes re-keying even easier.

For those looking to learn more about our new securities environment this is an excellent read:For those looking to learn more about our new securities environment this is an excellent read:The article does a great job of talking through the constraints for issuers and the problems with the current legislation from a state securities standpoint.

If you're talking about a hard money lender (who may prefer to be called private money lender), they will lend the money into the LLC once the deal has been reviewed and approved, taking a security interest in the property (mortgage or deed of trust), and most likely a personal guarantee from at least one partner in the LLC.if you're talking about actually taking on an investor partner in a deal, then they would be a member of the LLC and how the money comes into the partnership would be negotiated up front and dealt with in the partnership agreement.

We do have the regular security deposit (average $1,300) which we feel can cover any problems we may have.

This is the time to gather your lease and evidence of recent payments and evidence of a security deposit, if any.