A local PM would be anouther good source of info on the topic and how successfully they are in collecting claims.My lease had provisions that implied that due to the lower rents charged that administrative and management was not included in the rents charged.

Paint on flooring/carpet is a pain and unnecessary.If you notice water damage, don't just mask the stain and paint over it.

While they can be a pain enforcing nit-picky rules, I personally find it comforting to know that the next door neighbor will not be starting a doggie day care or running child care out of the home or parking commercial vehicles on the street, ruining my chance to find decent tenants as most people do not want to live next door to a place of business.

Anyone has any advice on how I could accomplish this with as little pain ($$) as possible with title ins,. fees and other closing costs/?

I believe that if a tenant brings all their own heavy appliances like refrigerators, washers, and dryers, that they are less likely to move, because they are heavy and a pain to move.6.

Prohibited transactions, disqualified parties (your Brother is not one of them actually), UBIT, and more.Keep in mind that if you take from your retirement account as a withdrawal, you incur early withdrawal penalties along with the regular income taxes.If you "invest" in a secured or unsecured note, the security or the person who is the borrower must not be a disqualified party and as your Brother's partner, your investments together would create the prohibited transaction.Almost all TPA's (third party administrators) of self directed accounts charge fees for accounts and/or services, nothing is free.

So far I have sent an e-mail to my RE attorney, the title company I use and talked with the neighboring owner and the county use administrator.

I have decided recently to re-enroll in online classes for my bachelor's in business administration with a concentration in Entrepreneurial/Small Business Management, and have notice a very large interested in becoming a real estate investor.

Get copies of everything, receipts, etc before leaving the title company.It's entirely plausible the wholesaler won't show you the PA in the beginning of the relationship, ask the wholesaler to give you a copy of the PA with the price blackened out.

Getting a loan from a bank is a pain in the butt.