Many times people become landlords because they can't sell their home and those are people that have no clue about how to manage a rental property...by the time you contact them, they'll be so fed up with the process that they'll practically give you the house.

It gains you access to the MLS, and you can collect part of the commission.

You do it again.In practice, I doubt this works at all.

"From the PMs, I look at their tenant files to see if I think they collect enough info to protect my interests (including move in/out procedures and pictures)." --------------------------------- My questions Can anyone guess what his interview questions for the Realtors might be, or suggest interview questions you would use for the Realtors, along with the responses you'd look for.

You could act as more of a bird dog type on this deal and fish around to see who would be interested in the deal, then if you find potential buyers make sure that you collect a 'finder's fee' somehow (usually works best outside of closing).Quite possibly too the seller may pay you a 'finder's fee' as well.

Ask what there experience is, ask for references, and ask the costs/fees.I also highly recommend that you use a RE attorney in the state in which you are investing as many states have many different laws and it is practically impossible for an attorney in one state to keep up with every state's laws and changes.

Now if you buy the park that is different, you may collect closer to 700 if you rent the space and trailer, but 700 sounds high to me.

Seems a lot of companies ready to bring you on board and collect their fees, but, little specifics on the nitty gritty.

They collect a coupon and then a % of the appreciation.I guess its a similar(though not exact) model.In the case of the book it sounds like they raise the money up front from investors and they don't get a an equity partner like (Lehman or a HML).

Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.