Determining a fair price to pay in return for the coaching depends on your situation.

Everything you do with tenants has to be measured and fair to all- Them and YOU.!

Like I said I came here and asked for feedback not a bunch of know it alls with responses that don't make any sense.First, I have done hard money, owner occupied loans before.

So, on a couple of lifestyles unlimited podcasts, I have heard that as a wholesaler, I should network with a bunch (hundreds to sift through to find some good ones) of agents to create a team that is helping me find buyers and even sellers sometimes.How do you guys think I should do this, and do you think I should do this?

One more thought: In areas with lots of investor activity, you'll see a fair amount of title holding trusts, like "123 Main Street Trust".

I cannot manage, I just can't - I work fairly long hours as a lawyer and it is not an efficient use of my time.

Joshua Dorkin,Brandon Turner, (and a bunch of others I don't know yet...)I have never been a member of a community that is so helpful, so fast, and so knowledgeable.

Lot Rent X Lots X 60 (if its in fair condition, or 70 if it's in great condition and single metered).$250 X 14 X 60 = $210,000 or $250 X 14 X 70 = $245,000However, yes you do have to figure in for the house, but if that is all the rent you will be getting, I am not sure if I would consider this a good deal.

I also found some online resources claiming to do it for $3500 and they set you up with a consultant, help with the marketing of your fund, and have a list of brokers who can help sell it as well.It might seem like overkill if you're just going to borrow money from you family/friends but if you want discretionary power and the ability to draw the funds quickly without getting a bunch of signatures from the investors, this is the way to go and still be covered.

Oh, and for those who think that the transfer can be made at nominal value (like $1 or $10 or $100), the PA Dept of Revenue has a formula they use to impute a fair market value that will be the amount considered in the calculation of RTT - just because of people using nominal dollar transfers to try to circumvent payment of RTT.