Lets say you do your quarterly inspection and find a window broken... you fix the window out of the security deposit and then bill the tenants to replenish the security deposit.The question is, are you comfortable waiting until tax time to get the deposit back in your hands?

If you let the roommate find a replacement, make sure it's someone you're comfortable living with.

Rehab costs, not sure I feel comfortable asking for that info.

You need to stay there for at least one year, however, you can move earlier if there are changing circumstances beyond your control, taking a job 50 or more miles away or loss of job, death of a family member or having another child.

The key is to build relationships and show them how you can give them a solid return secured by real estate.Every investor will be different, so you have to find out their needs and what it takes for them to be comfortable working with you.

I have the time to commit as I'm single w/no kids and just have my full time job commitments.My ultimate goal is to be able to live comfortably off of passive income from rentals but am unsure of the best way to get started.

This is sufficient consideration when a parent is transfering property to more than one child, but this would not work for anything other than that.

Me and my friends really would like to use patchofland since we are comfortable with the deals you post, but since your accreditation process eliminates us, its unfortunate.

He passed a pretty girl with a small child.

Hi,My wife and I are looking into buying a piece of property that can be made to be what we need (we have very specific needs because of our business and special need child.)A conventional lender is out of the question as our credit score have not recovered yet from a hellish 4years of multiple surgeries, a move from Texas to Colorado after the big economic nose dive and a tenant that basically rendered our former Tx house inhabitable.We were wondering what type of ROI a private lender might expect.