But if there is another housing recession, it would stall everything again, and cause you to lose your investments if you are not careful.

The causes of failure were legion, but the causes of success were few and always the same.

Having the mortgage outside of the LLC (series or otherwise) does not constitute cause for piercing the veil.

Lurkers: Basically, this is applicable for anything coming up beyond your control, or ability to anticipate, that would cause you to break your promise to owner occupy for 12 months.

Also, if/when it does come in make sure you check it is not missing parts, mine came missing the brushed nickel hardware which caused a re-order after several calls to customer service.

To get the real costs put the property under contract with a no cause escape clause.

don't let a little cash for permits cause you a headacherealtor disclosuresif you rehab and sell and the selling agent does not disclose updates his or her head is in a slingthey will let the buyer know of updates esp for sellplus you have the home inspector that will really knowcover your bases and don't be stingy with the money for permits, it will save you a lot of heartacheenjoy

Understand as well, that some first position lenders will not allow a loan behind theirs (i.e. simply borrowing the rehab money can cause a default of the first position loan).

As for myself, I happen to live in one of these areas, and would love to dive into REI--while the local listings are certainly more affordable, thoughts like those mentioned above cause me to question whether I shouldn't confine my investing to the nearest metropolitan area and its immediate suburbs.

What generally causes rents to go up and down?