Tom introduced me to the "captain" and I met the "crew" and the "chef" and off we went.

For example: you bring the money and the partner brings the management/labor and time or vice versa.  

What I don't want to happen is to buy a house first then not be approved for the duplex and vice versa.

A Job.But I loved being able to make decisions, being the captain of my own ship.I think what made me more pissed off than anything though was making $500 a week, and making bank deposits of 10,000, 20,000, even 30,000 a week.So after making $500 a week cash for 30 months or so, and living frugally, I said the following to Glenn,  "Glenn, I've learned so much here.  

That would mean that it should be clear from the lending pattern that he lends to you INDEPENDENT of your lending to him and vice versa.  

Being in the right time and right place was very helpful as I've stated on BP many times.I've always felt that when everyone is getting on the band wagon I'm getting off and vice versa.

If you find homes that are 1300-1700 sq. ft, you should be very close, but when you find a 2500 sq. ft home, that average price per sq. ft will be too high for the 2500 model as the bigger youngest, the price per sq. ft drops (quantity discount for lack of a better term) and vice versa if the property was only 1000 sq. ft.

Thomas Cooper,Just my opinion, but in our area, multi-family properties provide a better economy of scale vice SFHs.

There are some markets in CA that do cash flow, mostly the desert areas and areas like Bakersfield where you can buy properties for sub $100k and get over $1000 a month in rents but these areas will have lower appreciation potential too so it is almost always a trade off, more cash flow usually equates to less appreciation potential and vice versa.Rehab flips are better returns, but an active investment, not semi passive like rentals.

Account Closed - What's your 'go/no-go' formula for renting your place out vice selling?