We do update if it is extremely old/poor looking but as long as it is average we will just deep clean it and leave it.Vacancy is almost never an issue since the area is highly desired, close to highway, shopping so we typically rent at market rent or sometimes 50$ below if they are willing to sign a multiple year lease.

It is great for family partnerships that own multiple properties/businesses.One cell would be a disregarded entity and another can be taxed as an S-corp.

Below is a quick overview of some of the resources.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

You might have already consumed below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

I've read in multiple guru books how beneficial it may be to become a realtor while in the pursue of becoming a full time REI.

Perhaps your real estate can provide work for the young people you work with.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

I tried to buy a few REOs with cash and no contingencies and was iced out due to multiple offers.The question is, rather than holding on speculation for better times.

I've been told there are multiple offers, give me your highest and best numerous times.

Ironically I was reading "The Millionaire Mind" yesterday and one of the traits of the millionaires interviewed at that time was they bought their personal residences as foreclosed property in the post RE crunch of 1987 when a lot of homes were being foreclosed on.

ss=59cb6660f773551c5efb21b30ab6f2a4Also watch some of the interviews with Jim Rodgers you can find them on Youtube.http://youtube.com/watch?