The area is fairly depressed.

Especially since you may have acquired them at a fair amount.

He is 8 years into the business and does very well.I have done fairly well in my first 2 years and have completed deals in excess of $2,500,000.

I look forward to learning more and communicating with you all.

I always feel more interested in the requests when something is communicated other than just a scatterhorn approach.

And if for some reason the sale is declared null and void, well at least I tried.I just wish my lawyer would communicate with me.

Fair Share - Everyone wants a handout. 5.

Okay did a wrap with a seller.Added as a additional beneficiary on the policy.Policy comes up in March.Insurance company was fine putting me as an additional insured but then the owner of the company calls the seller a few months after closing and said his employee never should have told her that.She doesn't have any written communication or a recorded call from the employee saying it was okay just the phone call before the closing happened.Now the owner of the insurance company says he wants to see the seller back on title before he will renew the policy.I mentioned I could add her as additional insured and she said the lender would be required to have her as primary.She is freaking out about the insurance issue and thinks the lender will call the loan.She wants a quit claim back to her and an agreement form her attorney that I manage it but still own it and I can buy her out at a later date.I told her I would not agree to this.We have completed substantial improvements to the property and have gotten out the bad element.What I have come up with I believe will shed light on her true intentions.I am thinking of creating a Joint Venture partnership or something similar where she is given 5% non-controlling interest in the property.This would add her back on title and then the insurance should not be an issue to renew.I am checking with an attorney on this now.Want to get thoughts on this issue.

On a tactical note, go into the call knowing about what you would pay if the property is in fair condition and practice saying those number out loud confidently (IE "Based on the information on the property I would offer 230,000 for it and cover all out of pocket expenses related to the sale.")

They could do both; however, the main key is that the rent must be "Fair rental value" (the going rate of a rental of that type in the area).Yes both can be done if you are renting for profit at market values.