You also need a basic understanding of contract law, local laws regarding agency (if you are planning on using a real estate agent), minimum housing codes for your locale, Fair Housing, and more.IF you have a valid, written, current lease or rental agreement, there should be nothing preventing you from enforcing all of the terms within the contract.

And like most this is were people new to investing usually start when they get into the business… As I see it, the problems are…Cash requirements, funding, time consuming, stressful, delays, contractor problems, delays, unexpected problems, costs overruns, increased holdings costs, stress, managing the project, frustration, lack of control, more delays, more costs overruns, more delays, more costs overruns, and more holding costs… And more stress!

I have a problem that is not insurmountable but thought I would ask for your advice. I live in the Twin Cities area. The largest newspaper here, the Star Tribune, does not have many, if any, ads for SFH for sale. It's...

This way you can *see in real numbers* the amount of money (or lack of money...) are you going to have.You can also plan more than one property this way.

Lack of funds can really be a roadblock...

We are closer than ever but the projected date is about 2010-12...this date does get pushed back every year.A very brief history of the train thing: Way back when in the good ol' days, there was passenger train service from Scranton to the City which became defunct over lack of ridership.

You'll be taking money to closing because your ltv will be screwed up by lack of attention to this little detail.If you have alot of equity in a house and just applying for a minimal amount of money...the appraisal will come in just above the amount of the loan ---extremly low.

The real estate agency is not responsible for providing you with an attorney. 8)

They each have their own oddities… A simple rule to remember what will probably “stick” is; The County, the City, the State and Governmental agencies always get their money!

I have disclosed agency to my birddog but have not had any contact with the seller yet.