Play by my rules or don't play at all.....

And you get to play 'parent' to them, too.What doesn't change are the fundamentals of succesful real estate investing, i.e. equity at closing, good cash flow, etc.

You do need to be ready and able to assess their ability to manage your business and make a change if needed - that's a critical but different skill than being a landlord - and precisely the point where some business experience comes into play.

Alright, I saw mention of the Jazz so I had to respond to this post (by the way, Stockton is the best point guard to ever play the game.)Welcome to this forum, network like crazy (online and offline) and learn everything you can.

If you are interested, please contact me directly to discuss.Valley Agent Criteria:A self starter, but not someone who is ambitious enough to go out on their own… Knowledge of SF Valley and Thousand Oaks/Simi Valley (member of SoCal board) Someone who understands the rental market (acquiring low price properties that demand high rents) Experience with Winforms and MLS Investment property experience Computer savvy Home office with fax, email and a windows operating system, Outlook (not MAC) Someone with an existing book of potential clients Someone who knows the neighborhoods intimately in the SF Valley and Conejo Valley

Many times there are multiple offers coming in on these properties, and you have to be prepared to play ball!

If you plan on buying RE without a job, this lending market will demand a good credit worthiness and ability to pay the debt (a job), so you will need to partner with someone who can get the loan in their name.

Big teams (Bears, Packers, Cowboys, Redskins) have a lot of demand, so in the long term, 5 years +, you are looking at free money here.

Have you given correct assumptions about the houses to demand such a discount?

I would like to avoid the situation where after the property has found a new home, either in the trash or elsewhere, along comes the previous tenants demanding its return, followed by a small claims court summons.