I have a property that the seller wants 60K on a land contract with 20k down at 6% and a 5 year balloon on 30 year amortization schedule. The house is valued at 57k . 3bdrm  1 bath 1200sqft. rents $850-900.  I'm offer...

Calif is very strict on this so I strongly advise you verify your State Requirements.One approach to avoid the relationship is to subcontract to a PM; they are the employer in this case. 

Thank you for the advise.

My first bit of advise would be to put money aside for a rainy day fund.  

Dayton is a small town close to Chattanooga / Cleveland and I am looking for your advise /experience on the best agents that can assist with sourcing a tenant, collecting rent, repairs, management and etc.

Sometimes, they will reduce your price by a nominal amount just because, you called and asked if they’d consider it, just to keep you from calling that competitor or reaching out to your neighbor and finding he’s getting two pickups per week for roughly the same price you’re paying for one.Owners are advised to check-in with an active commercial broker or appraiser every 12 to 18 months to vet the value of the portfolio.

Big Risk = Big Reward.If it was me and it looked like a solid deal, I'd go pay an excellent RE attorney versed in the matters at hand to review the deal and advise.

Good morning my name is Brenda and my husband and I are just starting in real estate, we have been reading, watching videos and attending our local REIA meeting but of course I am sure that many of you experienced fear of the unknown with your first purchase so we need some advise.

I'm looking for someone who can advise me on tax strategies as both an agent and a buy and hold investor.

I would advise an LOi.