In the book "Ignore Everybody: and 39 Other Keys to Creativity" the author discusses the concept of "Sex and Money".

Doesn't sound like the two in there are willing to abandon their interests to live in the street.Not being negative, but this is the type of think investors bump into and spend time and effort with that could be avoided if they started in RE with the basics of title rights in ownership......I know it's boring stuff, but it can save you time and money which is almost like making money, the basic stuff matters. :)

sounds like it is working out well but I am not familiar with this concept , what is the privacy tarp for?

This concept is really important to understand for investors starting out.

You have to be smart about your expectations and not expect them to do hundreds of comps for you without you providing some listing leads.Keep the door open for this possibility by avoiding negative talk about realtors and commissions when you are working with your prospect.

I am not a fan of the "Yellow Letter" concept personally, but get yourself a good wireless printer. if you are doing it yourself, ensure you get a high volume one but pay attention to how many prints you can make per toner cartridge.

However this is a negative if you are using Microsoft programs.

The concept of the "Parent Holding Company" or a "Management Company" that is basically idle, has enough funds to keep a checking account active with the obvious intent of simply being a firewall.Commingling funds is a common mistake.

Jon points to title as there is where the concept comes into play.

You're betting values will go up and you can sell later for a big enough profit to cover the negative cash flow while you're holding the property.