I was thinking that the value of my houses will be increase considerable by really enhancing the value by smart rehab and using my man hours .

It's the smart thing to do, as they will almost certainly find out at some point in the transaction...

. :)What's wrong guys, not smart enough to do something right, you want short cuts in life?

There is nothing better than feeling smart by telling someone what they think is right, no matter how wrong they are.I go along with bad agents who are connected to money simply to network, and I play along with their strings of 5-6 cap properties that they want to broker for me.

Smart to invest in your local area, and smart IMO to move into your first property for tax and loan reasons.

His reasoning was that I should be smart enough to use that 1 mil to make more than the money cost me.

Adoption isn't whole for these products, with most sales being about "Apple products" and less about the viability of a tablet as a user device.

The biggest mistake I see made is focusing on PRICE.Price is important but it what you get for the price in what area that is KEY.What I have heard from Detroit is they have very high property taxes there.I have heard in the thousands and thousands for one of those cheap 10k houses.You find this as well in Atlanta with very high taxes and assessments and appeal backlogs that go for miles.I would save your money and leverage yourself into larger deals in better areas.For instance if you have 50k to play with buy a 10 unit in a better area.In my area in war zone Atlanta you can find 10k houses listed by the hundreds for sale in crap areas.What smart investors do is look at outlining areas instead where you might see 5 properties for great buys that you have to act fast.When the market comes back the nicer areas will recover first usually.If you have an old junky house on land you have a development play.In Atlanta these junk houses might sit on small parcel .18 to 1/4 acre and the topo is hilly.I can land a house for decent rent and get 1 acre or more in the burbs.More exit strategies,less crime,less taxes,etc.I might offer really cheap for one of those war zone properties and then try to wholesale it with a full disclaimer and let someone else take the risk.

The "due on sale clause" is basically "a protection" for lenders.Back in, I think, in the '80s, mortgage interest rates "sky-rocketed" and what was happening, smart people were selling existing mortgages with lower rates.So for example a 30 year mortgage @ 5% relates to a $1,342.05 monthly payment.So if interest rates jumped-up to, let's say 12% in the 1980s, a new $250,000 30 year mortgage @12% would have a monthly payment of $2,571.53.Taking this fictitious example one can see just how powerful it would be in the '80s to sell a house right along with an existing 5% mortgage on it,vs.Selling the same house without an existing mortgage.

If you read up on everything, you will have almost as much book smarts (maybe more) than a property manager you would hire, you will only be lacking in experience, and hopefully the experiences of others on BP can fill that in some for you.2.