I guess my biggest question is what are some other investment options that do not involve lots of cash?

Conversely in an area where the crime ring is bad all around the property the cleanup of the building being purchased does not matter because the only tenants that will live in the area are the rougher ones and will re-trash all of your rehab.I have seen investors take big losses on property deals I wasn't involved in and would have told them never to buy in those areas.

Though they still should earn somewhat of a profit for the risk taken and headache involved; otherwise no one would be a landlord.

Sorry but you just confused me abour the whole 8 mile thing... my mind is stuck on all the stupid things ive read on here tonight and reminded me why i have cut back on my involvement on BP in regards to sharing my experiences.

I have read/listened to all the podcasts and articles you mentioned other than J Scotts flipping book I'll definitely take a look at that.I agree I think a HUD home could be a perfect place to get started and in the front door, look forward to speaking with you on the forums as I need to get more involved!

But if no agency status is involved your just making a licensee a second class citizen.

I would think the borrowers attorney who set up the trust, LLC, or Corp instructs the borrowers on vesting, so I really don't get involved.

But you can still be involved in the tenant selection and payment process.With this, or with regular rentals, you can certainly have a full time job.

So the property owner must make sure they are aware of & are complying with all regulations related to their vacation rental property.It sounds like your neighbor did not conduct adequate research before offering their property for rent on the short-term market or else there were other factors involved which allowed the City to shut down the practice in your neighborhood.

Is the lender ever initially involved with this decision?