Also, you would be surprised at how many professionals (doctors, lawyers, etc.) that are looking for a great real estate investment to make money on.

Check with a tax professional preferrably someone familiar with your entire scenerio.

I do not drain my funs as I try to keep at least 2 months of mortgage payments in my account.I have long thought that keeping the properties mortgage was the way to go but have since seen the light and all cash is right.

You don't mention what type of income producing property or budget you have to work with, so I'll assume residential rental as opposed to commercial leasing.So, my suggestion is to work with a Real Estate Professional in the area you are considering buying.You typically don't pay for their services as they are paid from the sellers proceeds.

The saying "a true rehab professional hires all his work out".If you can, find a contractor who can do the work for you.

A single, non professional seller is not required to be liscensed under the SAFE act until (I believe) they sell more than X number of properites over X amount of time.

Here is where a Real Estate Professional comes in handy.

Be prepared and professional.

He's professional/certified David Rodriguez www.ConsumerCreditAuditors.com/pc www.ArbaFinancial.com

Rental Income from a Condotel Unit is normally 30-40% higher that a regular rental because the Hotel concept offers the option of daily, weekly, monthly leases which ordinary private condo unit owners would not normally entertain.Unit owners in a "Condotel" may opt to join the rental pool where he signs with a professional hotel management team who will convert the project into a world class hotel / serviced apartment.