The only reason I point this out is just to illustrate that just because someone was foreclosed on, don't assume they can't afford fair market rent, or even a mortgage for a home at today's prices.That being said, the same home in my description above may rent for $1200-1300 month.

Great illustration, Jeff!

That is to illustrate that a degree follows you, no matter what you do.

I am sure there is a logical explanation for this and it may be complicated, but a simplified example may serve to illustrate the point for the OP.

annelise, i say be careful...this topic has been discussed several times here, and jsut about every time, some property manager takes offense to certain statements....that being said, the facts are the facts..some people have had great luck hirig and firing, hiring and firing, and finally finding the right property manager..others don't trust them...i don't think anyone will look after my properties, my money, or my interest as good as i will...furthermore, i buy most of my rentals these days from distressed out of state landlords who have properties being mismanaged by incompetent managers..i have seen first hand what this has done to their investments, and as a result, i refuse to hire a manager...that being said, i am getting busy, and am looking to hire on somebody in my company and teach them my process...hopefully they won't rip me off as bad as a manager's company would...i could give you 20 examples of how managers can be corrupt, but one sticks out in my head that illustrates this point the best...i bought a 10 unit building back in august, and one unit had been sitting vacant for 2 years...the managers let several tenants go by that were qualified (i know this because i offer my tenants referral fees and they said, we tried that with the old managers, but they didn't pass the screening)...well they passed my screening, and the apartment was rented out in less than a month...anyways, everyone looks out for their own best interest first, right?

If you have an illustration from the company you will see year by year the guaranteed cash value and the total cash value as well which includes dividends. when you analyze the numbers you can make up your own mind if the cash generated meets your investment goals.

Folks on BP are focused on profitable real estate deals-- your desire for an education and lax timeline illustrate that you are coming from a bit of a different place than most of us.Good luck!

I said he doesnt need anything to illustrate that I am not a dead beat dad.

Rock on, we'll be doing business again.I made up the prices for illustration.

Bryan, I was using a simplified example to illustrate my main point.