Well I've done a little research (lurking) and realize that for the new guy it can be really difficult to find that deal before the investors do.

Is it going to be difficult to prove to IRS that this condo you are trying to sell has actually been your primary residence?

Do you know what the cap rates are in your area?

Might want to form a U.S. corporation - not that difficult for someone overseas to do.

The author happens to have made much of his fortune in real estate and small caps, but there are other avenues he points out early in the book.

Simplest definition: cap rates tell you how much INCOME you'll EARN for the PRICE that the seller wants.

But that raises the next question (really I'm not being difficult here) which is: If you try to sell the option to another party, what is to keep them from waiting until your option expires and then buying the property directly from the owner?

anywhere i can find them...i am in the nyc area and it is very difficult to find properties that are cashflowing positive here.

I love how some things that seem to be so difficult are just obvious.

it is very difficult to lend on new LLC.