She is close to the retirement age but I am not sure if she meets the age limit or not.Joe Salimao

seller financing is an "age old" tradition based on private property rights ?

From my experience a water heater usually fails near the insert for the element (for an electric water heater) simply due to the age of the unit.

I was ejected from school aged 16 with no qualifications.

I am looking for someone more local to me to bounce my questions off of, and it can be via email, because the person who I have learned some from is out in CA and I am not sure if it the age difference; the market difference; the experience difference or dome other thing altogether causing problems but he has me at a point where I am constantly confused about real estate.His constantly looking for the next way to make cash always kills whatever current project he mentors me on, and it makes me wonder if I am just not getting things.

(Barry Goldwater)I happen to think that "extremism" in the sense that you ardently believe, support, and defend sound principles, rather than "cloud peoples minds" is actually a clarifying agent.We ought not moderate in defending "The 5,000 Year Miracle"- this experiment in individual liberty and limited government that has changed the world.We ought not return to the dark ages before the United States Consitution.It is worthy of note that Hammurabi and George Washington essentially got around and communicated the same way, but look at us now.Do our rights come from our Creator?

Now an aged asset, that is a different story.

This is the start I need for success at a young age.

We can only choose a path and take what comes along with that path.The exception to this, for me, is those children that are not of the age of responsibility yet and need others to choose for them.I too have Cancer, so I know of the emotions with which you speak.

The level of management needed will depend on the age of the property and what type of repairs have been completed along the way.If you buy a property with deferred maintenance getting it turned around the first 6 months will take a ton of time.A manager should be compensated for the extra work in that case.A 10% fee simply will not cover or make worthwhile all the work involved.There will be eviction,court dates,trash outs,re-conditioning,advertising,tenant apps with criminal and credit check,ongoing repairs with tenants that are staying,etc.For all of you that want to manage other people's properties you need to check with your state's real estate commission.In many states including mine you will have to hold a license with a brokerage or be a broker.Some exceptions is if you are an employee of the company etc.I think often times investors have a high expectancy of PM work.Simply it's like owning a restaurant and having an 8 hr worker.To expect that worker to be just as excited and diligent about the business when they get nothing but a small check is a pipe dream.If I pay 100 for a steak then I demand service.If I go through the drive in at Taco Bell I expect the food to be correct and nothing else.Managing 100 properties yourself without help is the exception and not the rule.This is based on my experience dealing with apartment owners.One had about 210 units over 10 buildings all within a few miles of each other.Vintage stock and unit mix was all different ages.They ran it themselves BUT had a full time leasing manager,bookkeeper,and about 3 maintenance guys.There is no way without the help they could run them selves.I have seen basically one person locally could handle up to about a 20 to 30 unit by themselves.After that it becomes really difficult.Many investors buying in this range are not purchasing a new building.These are older buildings that need constant upkeep and have problems.Typically the mechanicals,plumbing,electrical all start failing at different intervals.I have a 20 unit and have a live in PM.It lets me focus on my real estate deals and I check in with them every 2 days or so to see how things are going.I don't want to do 10 hr work when I can make hundreds per hour selling real estate for my clients.If you want to invest out of state you could do triple net leases for mail box money.The CAP is about 7 to 8% where I am at right now.If you want higher returns then usually you have to take on more problems and risk.