How many propeties are to many and can you live healthy by building this type of business.

We put all the addresses in a spreadsheet, look up the owners, and mail to that list once a month and keep mailing to them until we know it's been sold.It's my favorite list to work from because it doesn't cost anything to produce (ok, a little gas) and it can yield some great deals.

Knowing the area and what companies own or produce what is an important consideration with larger areas.

I sure would.If you wanted to learn from another and pay them for it, would you want to learn from someone who did not or could not produce evidence they had done the deals in which they were going to teach you about (remind you of gurus!).

The decreased volatility should, in theory, mean that the note buying community would pay more for the note or require less of a discount to produce the desired yield.

All in good areas (I do not invest in the ghettos) all have undergone renovations, are now tenanted and producing positive cashflow.

So if you pay somebody $550 for one job and then later in the same year you pay them $50 for another job - they are to get a 1099.If they buy materials, and you pay them for that plus labor when you make a payment - then you 1099 them for the full amount paid; you do not separate out materials and labor when producing a 1099.

So, unless you're extremely frugal, it takes a bunch to produce a living income.

This is where the LLC structure and healthy amounts of umbrella liability insurance come into play.It's a good point, however, that mortgaging your property is an excellent deterrent to plaintiff's lawyers (not to mention ramping your returns assuming you're buying at the right cap rates).

I've been working with a couple of banks, and they said they can most likely finance me, but I know that they won't be able to produce a Pre Approval that quick.