If you actually NEED one, and you probably don't need it, DON'T GET the fancy ring tones, camera phones etc.Look at the crap in YOUR life, what can you do without, expecially if doing without will give you financial freedom.all cash

I think it's a nice benefit to provide them (and it's a renter's market) but how do we tell them it's their responsibility to replace them or repair them???

Todd- nice to have you!

These are not as profitable as Sec. 42, but can be a very nice niche where small developers and rehabbers can do very well.

2-Find out their business ownership/management experience, nobody wants to set someone else up for failure3-IF they don't "need" the apartment, You should advertise & secure a tenant 4 them, w/1st/Last/& security, so that potential "problem" w/both future lender & appraisal is already dealt with (read=documented INSTANT Cash flow, more appealing to buyer, & Lender), preferably w/a nice LONG lease (say 2yrs w/a 1 year extention option)4-Holding a Seller Second makes this a VERY "do-able" transaction, just need to make sure borrowerA-Has great creditB-Good ReservesC-Proven Track Record in Business (4 self or others)D-Realistic Business PlanE-The Guaranteed ability 2 make the paymentsIf they have their act together, You'll know who they are...Let me know if I can be of further help, I've arranged financing on over 200 commercial transactions, & over 50 mixed use subject properties5-& Very Most Importantly....Don't be afraid to "owner finance"..

Are you bringing in a nice return with the condos?

Hehe nice to see you around again Cash!

nice useful article there, thanks!

Right now i'm in an area that is considered a "buyers market".. not sure how this would benefit an investor since everybody is looking to cash out in this area.I have my first prospect on a nice 3bd single family home owner is asking 86,500 for it.. other houses in the area are going for 95k I know this could be a good investment..i'm sure i can get her down to 80k and possibly 78k.

Nice to have you guys!