Alternatively you can create a power of attorney for your friend to sign docs in your name or your company's.I have bought properties when I was out of the area and my partners handled everything.

With E&O insurance being about $800/yr, Realtor fees about $500/yr and multi-list (required) $700/yr, I tell new agents that its going to cost $2,000/yr+ You need to be either able to cover that with commissions generated or bear those costs as a business expense.An alternative would be to be either a licensed assistant or an un-licensed assistant, which would limit what you can do but also limit your costs.

Is there a DIY alternative that I could pour on it?

In other parks you will have to use an alternative startegy to sell for payments and a move-in fee.

In the case of a taxpayer using more than one property as a residence, whether property is used by the taxpayer as the taxpayer’s principal residence depends upon all the facts and circumstances.If a taxpayer alternates between 2 properties, using each as a residence for successive periods of time, the property that the taxpayer uses a majority of the time during the year ordinarily will be considered the taxpayer’s principal residence.In addition to the taxpayer’s use of the property, relevant factors in determining a taxpayer’s principal residence, include, but are not limited to:(i) The taxpayer’s place of employment;(ii) The principal place of abode of the taxpayer’s family members;(iii) The address listed on the taxpayer’s federal and state tax returns, driver’s license, automobile registration, and voter registration card;(iv) The taxpayer’s mailing address for bills and correspondence;(v) The location of the taxpayer’s banks; and(vi) The location of religious organizations and recreational clubs with which the taxpayer is affiliated.

Any other legal advice is ILLEGAL and may be very incorrect.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

I have yet to complete a transation like this myself)When it comes to different sources of information I have found a man named Lance Edwards (Sweet we have the same last name :D ) who i noticed had a course on how to flip apartment complexes.( I don't know if BP will let me post links to the courses ive discovered but ill post them here anyway (if id doesnt work feel free to pm me and ill msg the links to you that way)His wholesaling primary course is at - Its a good chunk of change though $997 http://www.apartmentwealthmachine.com/flip.htm A lesser expesive alternative course i found that he had is his $697(which i found on reiclub.com may have a more updated 2.0 offer available same price though)course is called Multifamily Success Home Study Systemhttp://apartmentwealthmachine.com/homestudy.html*beware though i read one review somewhere that this info could be slightly dated. have yet to confirm.Also if your looking for extra sexy free resources outside of our wonderful BP community I have found that 2 of my favorite online mentors Dave Linhal and Ken Wade are giving a whole 24-29 video course on how to invest in MFH sexy part it really is free!

Forex or something?

A balloon note is viewed closely when there are alternative investments for an investor.

Hello! I'm new to the investing world, and was wondering about different ways to cover yourself if things go wrong - specifically, if you can't find a tenant, and are unable to pay the loan on a property you haven'...