Hello,In chapter five of Rich Dad Poor Dad by Robert Kiyosaki, he briefly recounts how he made $40,000 with 5 hours of work by buying a "courthouse" property, listing it for less than market value, having the buyer sign a 10% promissory note, and then have the buyer assume all liability.Can someone explain to me what exactly he did, and whether it is legal anymore (especially in Idaho)?

Abdenour, There are several options other than a Phase I if you want to get a feel for the environmental conditions of the property.

If you're not sure, start small or with house hacking to get the feel of the market.Good luck!

When I was ready to buy my first property I made a flow chart of everything that needed to happen from selecting a market right through collecting my first rent check. 

How will decisions be made? 

Are interest only payments made to both the PML and a HML/bank during the rehab?

I like this guy and feel he is a great example.  

Feel free to DM me.

If you feel that interest rates are likely to drop, property values are not likely to follow suit.

Feel free to reach out with any questions!