but that doesn't account for him getting really good at an aspect of the business, and getting others who are really great at their parts of it to help out.Not a bad idea having your license as a flipper though!!!

(yet cash flow is the most important aspect in picking rentals)I am in the process of clearing $7K of credit card debt.   

We'll explain more about the practical aspects and presentation of IRR's when we write about raising capital in the equity markets.One item to remember: IRR is not an assessment of risk, and is an assessment of generated returns on invested equity over a given time period.

Let's assume that you have a track record of success in whatever aspect of real estate that you are doing.

Another landlord told me once that your ad should say "yes, yes, yes" rather than "no, no, no" - meaning, the ad should promote your property's positive aspects, and steer away from rules and restrictions until later in the process.Here's my process that I've shared on here before:It all starts with online ads, within which are several questions I request be answered in their response to my ad.

I think my main issue with starting is the marketing aspect.

@Wendy Black - I think that there aspects that @James Wise and @Peter T. both mentioned that are true.

I don’t know why, but business purpose/consumer purpose is probably the most misunderstood aspect of private lending, even among lenders.Most lending attorneys used to sell loan document templates you would own that you could fill out and use yourself.

With all of your calling, lists, door knocking and communication campaigns, I would keep in the back of your head, the necessity to be very very clear, succinct, and upfront with every aspect of your endeavors with a  borrower, especially if they are in, or on the brink of being in foreclosure, so that you do not run afoul of the foreclosure consultant requirements in California, and many other states.

But remember this is renting on airbnb, so these aspects would allow me to increase nightly rate.