I was successful in the past getting deals in 90004 and 90016, which are up and coming areas in my opinion, and I missed some great ones in 90026. but those areas have gotten really expensive.I have thought about out of state or out of area purchases as well, but I have not gotten past 1. not trusting third party managers and 2. reluctance to buy in an area that I don't know the details of the city.

I hope to fi ish my detailed business plan this week.

Most stuff you'll read either needs more detail, is completely wrong or doesn't pertain to your area (even from the great J Scott).But, you've taken the most important step, ACTION!

I can indulge with more details and would be happy to although don't want to spam the new member forums unless asked for details.

I did not know the exact details but there was a crack that the neighbor found out and complained.I have used the contractors in the past.

They know the difference between a landlord who pays attention to detail and takes care of business, and one who doesnt.

I didn't realize that the prohibitions had anything to do with exclusivity but ok.2 And as J Scott indicated, it is still up for question as to whether this is ok with the IRS.I look forward to hearing the details of Jscott's letter and his arrangement.I see that 1 part of the equation is to have the C Corp create the 401K and have it buy the shares.

I have not yet rented to Section 8 tenants, but have had so many inquiries from people with vouchers that I did investigate some of the details.

In the operating agreement you can define in detail the roles of each party and whether or not they can be involved in day to day operations.

Do you have details about how this worked out for those who chose to keep the money rather than rebuild?