But if you do that, you need to be extra careful to get very good deals so you're built-in equity protects you from downturns and you don't get overleveraged.

I live in Westchester County in New York and I think it is a decent market.Also, I am trying to find like minded individuals in the area to start a group with.

Hi all,Pretty vague question, and I know it depends on an individuals specific goals... but I am curious to see what kind of responses this may get. 100k is not a lot of cash in Southern California.

The other person doesn't have an extra 200K lying around to make good, or2. 

The books would only really be excuse or an extra motive to get together.I think I know at least one other person that may be interested.

Bonifacio Capuyan When contracting from out of state always hire a 3rd party individual - either an agent , property manager or another contractor to inspect the property and take a lot of pictures.

Technically you only need to cancel but guests very much appreciate it if you can go the extra mile and find them alternate lodging.  

He usually ends up doing repairs after each tenant leaves and since the parents are usually the ones responsible he has had only a few problems collecting extra repair money.

We have paid down the house (extra payments) and currently owe 118000 roughly. 

I know what the qualifications are to be a real estate professional, but I've read that an election may need to made so that I can treat all my rental activities as one activity so that my hours claimed are considered for all my properties versus needing to prove I spent enough hours for each individual property.