I have read the Real Estate Investment Basics book from BP and have also read Rich Dad, Poor Dad.

one property that i closed today is in the historic district of Charleston so everything is basically 1.5 to 10 million.. and the neighbors are in your grill constantly. and at one of the arch meetings they said exactly that they wanted input into who we sold to.. you just grin and bear it and keep your head up.. 

The property is basically turnkey and needs little to no rehab. 

q=difference+between...Basically, ROI is "how much you profit every year" divided by "how much you spent for the investment out of pocket".

Wanted to introduce myself ...my name is Isidro...i am from California, i recently got offered an opportunity to get into the real estate investing by my landlord...he has been doing this for about 15-20 years and offered me to work with him...basically i find/generate him leads...he puts 100% of his money, we buy homes cash, if i work on rehabbing he will pay me an hourly rate, and in the end he gives me 40% of the profits...sounds like a fair deal to me since i have 0 liability, i am not using my own money and he is an experinced investor.

I have learned so much from everyone here and now that it is time to apply the concepts, I want to make sure we make a smart decision.  

The whole concept of Rich Dad Poor Dad Series.Good Luck.

Basically the most important things to do are the inspection, line up the financing, and pick a title company and have them start work on it.

Once you get beyond the basic “exempt assets” you need an experienced attorney who specializes in asset protection.

It's basically just a quitclaim deed.