Worst, the asset managers are overworked and the listing agents (generally) are not interested in babysitting an asset manager - they figure it will get done in due time - the more time they spend working on one file the less they make per deal.

It’s sad but true, you really need to be a skeptic with every dollar that you spend because it seems that there is no shortage of people who try to sell you things that you don’t need, or simply skim your money out of a deal (like an insurance agent).

Spend some time looking at other threads here on BP.

Be prepared to spend a few hours going over the property with a fine toothed comb.

My plan is for the first 10 years maximum growth then in the next 10 pay everything off that way we can spend the next 10-20 baby sitting our grandkids on airplanes as we take them all over the world. :-)

On the other hand, spending $100 to have the attorney look over something now, rather than having to spend thousands later if the deal goes south, is money well spent to make sure everything is on the up and up.In a case like this, avoid using a realtor to have them "review" the contract.

I believe that the only time you are REQUIRED to give your SSN is to the IRS for taxes or to anyone who extends you credit.

I suggest trying to get your financing in place before purchase so you don't need to spend copious amounts of time searching for refi or LOC.

Do spend some time reading and learning the business and don't believe tall tales like "cash flow = rent - PITI".

Why would anyone even think about signing up with that jerk and spending $20K.