Hi, As I’ve mentioned on a coupld of previous posts, I’m very interested in 1st position, performing mortgage notes....especially notes in Texas.

Not saying I would have done it, but I would have considered it.So, basically, the moral of the story is that you’re in a pretty good position either way.

I've noticed that I do better with more general personal finance/business books than with nitty-gritty real estate books.

Since there are no leases, determine how difficult will it be to issue notices to vacate, IAW with DC Rental Ordinances. 3.

After all costs (tax, assoc dues, insurance) we have a positive cash flow of $940.00/mnth. 

Lastly if you read between the lines on all the feed back.  1)real estate is hard 2)everyone has a hard time with it 3)lots of people are in your position. 

Notice how all these hypothetical individuals are involved in business before anything else.

For the past couple of years, after noticing a really disturbing trend in the marketing practices of Turnkey companies, I've started focusing my talks on how companies can use good marketing practices and how investors can cut straight through the crap and eliminate companies that deliberately lie in their marketing.I am going to give every out of state investor looking to buy Turnkey properties or even looking to hire property management two quick lessons and five tips on good due diligence.First, ask questions. 

You'll notice the BP calculator allows you to include custom categories for closing costs and I just include the amount in one of these fields.

Put someone  in a position where they are forced to look out for your interest as well as their own.