A friend of mine once commented that an old girl friend of mine and I were not really in a relationship as much as experiencing dual obsessions flying in a formation of two.

You all made excellent points and thanks for the shares.

Jeff, in any business relationship a lender looks to the principles for repayment under several aspects (even in non-recourse financing).

The places mentioned earlier had excellent ROI and low taxes and the thoughts were that baby boomers may head to these areas and therefore increase the home values in the future.I have five more years before I can receive my pension.

Let's keep in touch and build some solid working relationships/networks.

You tell them what to offer etc. but as far as them giving you seller info or answering probing questions about the property they shouldn't release without the sellers written consent.It's important to know when signing a purchase and sale what kind of agency relationship is checked in the contract and what it means.

Just use extra diligence when screening potential tenants and maybe do additional property checks during their lease term.I've got a few rentals that were semi custom specs I couldn't sell when the world fell apart and so far they've remained in excellent condition.

It's great because I don't lose rent and don't have to deal with switching utilities.If you have a good relationship with your current renter, it really helps with the showings and transition.

Personally if you are going for 4 flips in a year, try and find 1 or 2 good HMLs while you are searching for private money lenders who will give better terms - they will allow you the flexibility to make all cash offers which will be more attractive to sellers.Access to capital will be key as you grow so establishing relationships with the HMLs for your first few deals may help you a year or two down the road when you are finding multiple deals at once and need more capital.

These are all people I know and had a prior relationship with.