If you call up a big corp and securities attorney in your area, you may get similar responses...from no response to, 'well i guess you gotta start somewhere' with no indication that they wanted to waste their time on a peanut fund.

A waste of time; but, anything that the parties agree to be bound by, that is probably not against the law, can be included in a contract.On my side of the equation, I ask for indemnification against any and all claims from owners.Good luck.Paul

If it is not then you will be wasting your money and will lose tenants.There is a difference between a building in an area where the tenants pay that is old and just hasn't been converted over time to an area where almost every building has the utility included.

It requires a solid foundation of real estate knowledge and you deal analysis skills.

In other words, did you research companies that fix and flip and work with them, how did you find a company or person to work with that has a good track record with solid returns?

But is it worth it to waste my time now not making money ( school is too demanding to have a job at the same time), or to drop school find a job and save as much as I can living with my parents, then go in to real estate from there?

Karen M, if the mentorship offer is available in the middle of 2015, ill have my five crews solid, and the systems fully implemented and functioning.

There is only so much time in the day and I don't want to waste it if they are geared to SFH investors.

My personal opinion is there are too many great free resources out there to risk wasting money on a program you do not have enough information about.

You need to have some reserves for repairs vacancies etc.If you are not able to obtain long term financing from the owner I would be fearful that in 6 months you may be unable to get your new loan. also, consider that if you go to get a new loan you will have closing costs that will require cash unless the owner is willing to pay your closing costs as well.You need to get concrete numbers and start putting them together in plan. sounds like you are in the beginning stages of planning. please make sure you have a solid plan with realistic numbers that work before committing to this property.I hope this helps.