Get written copies of the requirements and do not take the word of someone in a casual conversation.Note that as an investment you are looking at a niche market.

It's very similar to some that was given to me when I was in my early 20s.Watch the way you SPEAK, and WRITE:For like several months; any time I hear someone throw the word "like" in a sentence I start thinking of the movie "Clueless" and I tune them out!

Word gets out and deals come to them.John Corey

**********Thank you for the nice words and warm welcome!

Words of wisdom....thanks John. 8) LONNIE 8)

Please give me any words of wisdom you may have.

Ashman,When dealing in financial matters the word guarantee generally can not be used if you are talking about the return.As an individual your ability to guarantee anything is only as good as your credit and the resources you have.Best to avoid the term and describe why the deal makes sense even if you were to be run over by a bus or otherwise not able to perform.Paying yourself no fee to manage the properties tends to mean that your focus will be somewhere else.

In other words there is instant equity.Question..1 Is this common place?.

I assume you are fine with NOI calculations.Lets agree to not use the word for a minute.How do you decide on the price you want to offer after you have determined there is cash flow and that there will be equity?

I get almost all my deals these days through word of mouth/networking.