Look long and hard at such ventures where your money is at risk and your exit is limited.

No experience along with not having thought out the exit plan throroughly and my risk goes up as do my need for a higher return/reward.

And to add to what Jeff S said,When you decide to lend on a property, comfortable that you would want to own it, figure out your own exit strategies should you end up with the property.

Some entering puberty; some exiting puberty; some way past it.don

You can absolutely buy apartment buildings and triple net out of state without any issues because the managing is different than with houses.You have to get a qualified broker/agent that knows what they are doing and puts you first and thinks JUST AS MUCH about your exit timeline and strategy there as they do about the purchase part.

The software vendor for our MLS system is Rapattoni , and I haven’t even been to the training class, just test driving at this point.My initial focus was to identify good flipping neighborhoods by looking for aggregations of MLS “consumer” sales/listings/pendings (not lender or short sales) in the past 9 mths throughout my broad target areas, in the exit price range I wanted to focus on initially (100-150K).

Here is my point:http://www.nakedcapitalism.com/2012/10/some-smart-money-is-already-exiting-the-single-family-rental-landgrab.html

The 3rd floor does not have a fire exit - but there is an accessible flat roof that could hold a deck and stairs down to the 2nd floor rear deck.

The 3rd floor does not have a fire exit - but there is an accessible flat roof that could hold a deck and stairs down to the 2nd floor rear deck.

Exit is now looking like $800k because of massive appreciation.