New people (especially new people) equals lots of new issues.

And it didn't matter because of his investment beliefs and philosophies.

Furthermore, bandit signs in areas where posting such are illegal is equally frowned upon.So as long as bandit signs are legal in your area, I take it everyone is okay with using bandit signs to solicit sellers.

During the open house, she makes herself available to answer questions and reinforces the CL ad in terms of 1) what the rental criteria is to be considered a qualified applicant; 2) that she, all things being equal, rents on a first-come, first-serve basis from among the pool of qualified applicants; and requires a check for the first month's rent plus security deposit at the time of application--most applicants of which complete the application on the spot.

I would absolutely not invest in a warzone area myself, but I don't know enough about the area to comment about that further so...The numbers on their own look very enticing and I would say all other things being equal, this looks to be a solid deal.I would say be very diligent about all aspects of this deal, especially finding out about vacancy rates, future rental rates, and deferred maintenance.

Should the LLC need a capital contribution, my partner and I would each contribute an equal amount.

I'll tell you a little about my situation and beliefs below, but the key if finding out what's right for you and your situation.Second - there are probably 2 key things that can counteract the risk of leveraging: Cashflow, and Capital in non-RE assets.

Assumming 100% financing at 4% and using all money to pay mortgage I could pay off in 32 years (mortgage payment for 97,835 at 4% for 32 years equals ~ $455).

So purchase of $103k plus another $7.5k in repairs equals a total cost of call it $110k.

Sure avoiding negative cashflows and bad long term loans (variable, balloon, hard money) are important, but an equally important factor in surviving RE crashes is where you buy.