Tuesday - Spend day networking with realtors, bankers, credit unions, mortgage companies and all others you come into contact with (spend about 2 to 3 hours)Wednesday - Go through newspaper for homes for rent, FSBO, Homes For Sale, Legal paper listings and searching neighborhoods and drive by.

johnmichael: How to be a master negotiatorSid: Stay under the radarjohnmichael: The best way is to loacte them by way of "NOD'S" Notices of defaultsDan_Auito: Attorneys, research services, your own letters, public records lis pendens etc...johnmichael: You can not find RE in Springfield it's all mine LOLjohnmichael: As an investor I have taken hundreds of courses the are of becoming a negotiatorDan_Auito: notice of default if your wondering folksjohnmichael: Finding them in the legal notice is to latejohnmichael: I will show you also how to locate the NOD's as we progressjohnmichael: Locating a great deal is all about your ability to DETERMINING FAIR MARKET VALUEDan_Auito: I love having an appraiser as a partnerjohnmichael: So you locate it!

In addition, check out any restrictions on renting with the home owners association, which, if there is one, can have a say in any rental agreements.Plan on spending time and money advertising for and interviewing potential renters.

Many sellers have backed out at closing (legally bound or not) once they see the money they could have made on their own.

Let’s do the math now…… financing a property that cost $5 Million dollars with 20% down would require you to put down $1,000,000 and you would still have to add in legal fees and closing costs.

I'm curious if it is helpful or not - I wonder if there are any restrictions that come with having the license?

I wouldn't be cheap when it comes to the legal side of a partnership agreement.You can probably use some standard partner agreement from Staples if you're looking to go low end, though.

Where do you get the contracts and how do you know if they legal?

Here (Chicago) you must legally provide a fridge.

Anyways here is the linkhttp://www.dca.ca.gov/legal/landlordbook/2004_companion.pdf.