In addition, I don't see access to title companies or attorneys as a big benefit as you can find them with references from other investors for free.

That property rents for $2,364 with a Section 8 tenant (probably lower with a regular tenant), and has a HOA of $324 per month.

They are referred to as "pins".

. - so central heat and air.For reference, i have a 3 bed 2 bath bungalow in North East Los Angeles that i'm about to finish remodeling, and am now contemplating new central air in.

I think I referred to it as the 'news' page in an earlier post.

That term, for tax purposes, refers to someone who buys and sells property as a part of his or her trade or business.When doing lease option assignments you never take ownership of the property, so the term would not apply.That being said, income from lease option assignments is considered ordinary income and is taxed as such.

A building permit usually refers to the permit to build a specific house.

We are pretty confident the deal will go through.Our Realtor referred us to this site and I have been reading and learning a lot in the last month.

Since I travel quite a bit for work, I'm looking to network with folks in the areas where I regularly visit: Philadelphia, NJ, NYC, and Miami.

The topic is discussed on a regular basis though and we are both striving to get there in the next couple of years.6.