Can charge a bit more for that and makes property more valuable.

I have negative net worth so nothing real valuable to protect in a lawsuit at the moment :) At some point I will get more serious with that as my financials should finally start swinging up as I go through my 30s here (college debt can be brutal!)

I was giving you precise Gold on how to profit from your walks and to make your walks valuable.

Good luck, its a catch 22I don't disagree that there are a few programs and educators out there that have the real deal and provide valuable insight and information, however, there are many more who pitch pipedreams to the unsuspecting which is why most of us usally advise caution when dealing with gurus.

Low enough to account for the extra costs (interest paid - or not gained if bought with cash, utilities, potential theft/vandalism, potential winter problems such as frozen/burst pipes that are now your problems, etc).

I would be responsible for everything else.I feel this would be fair for both of us seeing that it is our first deal together and it is a great way to gain credibility.

Sherry, I'm sorry but that doesn't even make sense.If the properties are more valuable, there is MORE room for making a profit.And Curt, I have to ask why as well- there's 14 million people in the metro LA area and you're saying it's a bad area?

Basis would require less taxes when you make the distribution, but increase your gains if you sell later.

Thank you all very much for your valuable inputs!!

This was also a valuable lesson learned.The mother seems to be the only one somewhat responsible.