We all lead very busy lives and if this is not a capability of the Marketplace forum and I have to manually go through pages and pages of posts in the Marketplace to find somebody's "haves" to my "needs" in the area that pertains to me, then it needed to be added...like yesterday.

I live in Alaska now, so I'm looking for someone that is capable of working with me from a distance, I'll be doing my own hunting and research, and will likely be buying REO.

The utilities remain in our name, but we provide the tenant with a copy of all utility bills so the can track their usage.

RE can be very gratifying.Really helping a young couple buy their first home, making it work for them.Solving problems for others and really saving them from what they saw as devastating or an impossible situation like losing a home.Helping others getting started in some business guiding them to success.Being involved in community, providing safe and affordable housing, no hand out but a real hand up.Assisting people to get back on track in their lives from homelessness.Providing housing solutions through redevelopment cleaning up blighted areas for a better community.Forming relationships with professionals and laypersons that seek your advice is gratifying as well.Having the opportunity to pass on your experiences and knowledge, teaching others how to fish is also gratifying.It's not all about the money, it's more about your contributions in life, to your family and your community

The seller has some interesting record keeping where estimation seems to be the favored method of tracking.

Also, strong work on your quick tip intro track on the BP podcast today!

Especially investors with proven track records of success.

Personally I have a grace period until the 5th at which point a $50 late fee is added and a 3 day pay or quit notice is posted.If the tenant is a good tenant is and capable of paying then why not move the due date to a day the tenant can handle?

From the responses It sounds like I am on the right track with this setup, I.E., interest only loans or complete payoff at sale or JV are the most common structures.

This makes it easy for both tenant and landlord to keep track of everything.