Let a trained professional provide you with advice and handle all of the transaction.There are many laws you must know, follow, and incorporate into all the legal documents.

Don't forget, most 1st TD's in CA are well over $100k.4) I, who have little or no financial training other than reading one small paragraph in the 9th grade level Real Estate principals course I took to get the license, am required to determine the "suitability" of the TD investor by having the investor fill out a form issued by the state Bureau of Real Estate and from that form making a determination as to investors suitability for the investment ... reason three for working with only accredited investors.So, now, finally to my point ... many TD investors that were investing through mortgage brokers are now hearing from those same mortgage brokers that because of SB 978 they are no longer suitable for a trust deed investment.

If rent is throwing money away, so is paying property taxes, insurance, interest, and maintenance and repairs when you buy.Each particular purchase / rent decision must be looked at individually.Many of the visible benefits of home ownership vis a vie renting are the result of 2 things, forced savings (when the property is held long term, not when sold in 5 - 7 years) and inflation.The problem with home ownership is that we do not run a rigorous analysis on it like we do on investment property.

I ability to hire more personal and training them to suit the vision of the company.4) We locate deals from many sources.

It is also in a strong rental market close to NYC trains, so I can always rent it and pocket some cash if I can't find a buyer.

I'm pretty soon will reverse my training to pick up deals for myself.

I'm going to a rehab/wholesale weekend training from our local reia in a few weeks.

They already have the knowledge and training.

Unless you have training experience and talent you will tire of managing.

I've done a lot of virtual training and although there are certain ways to calculate rehab costs etc the general consensus from "gurus" is that it's almost a necessity to have someone you know on the ground in your nonlocal market.