Flexibility to be able to bring my kids to school every day and spend as much time possible after school and weekends with them.To better our current lifestyle which is in the Entrepreneurial building stages.  

In other words, you do nothing but check to ensure the rent was deposited in your bank account and move on to your next life experience.I know this is a bit pointed towards the 'down the road' stage of investing, but I really feel like if you plan for it from day 1, you'll save yourself a lot of headache and give yourself more time to find good deals.Good luck!  

This is a handy way to keep a rent ledger as well.The only thing I think they took away, unless I'm not seeing it, is what stage the tenant is in regards to setting up their account. 

When I refinanced this property a couple years ago, the arrangement drew extra scrutiny from the lender because they didn't recognize it as necessarily "arms length".  

Is still in the young stages of recovering from GFC.

Of late, I have kept a watch on a few properties on Auction.com myself.What I have determined being new at this, that there is much knowledge I lack to make an informed offer.Marlene, I would encourage you to closely watch from off stage before grabbing the microphone.Attend a few courthouse auctions, learn about risky deeds, hidden liens and shaky titles.For a novice, I know what I don't know.  

I'm pretty knew to this myself and in the learning stages.

A double closing or simultaneous, as we use d them, is where the middle man acts as a buyer with the selling owner at a settlement, then the middle man acts as a seller to the end buyer, there is no assignment of a contract as deeds are conveyed to the middle man and immediately the middle man deeds to the buyer, it all happens during one settlement.The issue with these arrangements is now that the middle man has no money, the funds used were from the real buyer and pass through to the seller, that means that the middle man didn't give the consideration of his purchase price and technically didn't purchase. 

I am in the beginning stages of starting up my own business and it is pretty intimidating with all he new responsibility of being the man in charge and bossing people around that may be older and more seasoned than me.

It "must be nice" to be at the results stage, stories like Andrew's are the ones that make you keep digging, instead of giving up when all you get is "no" at every turn!