If you have construction knowledge, that may be a plus for a value-add deal.Without any capital or experience, it is going to be hard to lock up a property, so my advice is to partner with someone.We do this occasionally with talented individuals who want to add value to the sponsorship.

I think you'll have a hard time buying properties in Phoenix using the rules of thumb most people tout here, especially a straight 50% expense ratio across the board without individualizing it like Wes mentioned

Anyway, I personally don't provide anything for air-conditioning but in winter, I have purchased few portable heaters.I also have developed very good relationship with individual HVAC contractors who take care of me any time of the day or night.

Private loans from individuals

I do agree with you, anything an inexperienced individual like myself can find on Zillow is probably still on market for a reason.

I am trying to purchase a property that has 7 units, one of which is a 4BR, with 4 individual leases.That is fine for now, but my property management says that they will not place a  new tenant in that unit because of liability.So my question is what are my options on this when one of those tenants moves out?

I live in northern Canada (so I understand there are legal differences from our neighbours to the south) and would like to start a real estate investing corporation with a few coworkers.We would be a group of about 5-7 individuals investing in Canada with options to spread into the States if things go well.What I would like advice on is what kind of verbiage to include in our contractual agreement (bylaws, unanimous shareholder agreement, etc.).

Not really sure where to start but we just sold our house so I have some capital to get started, just want to make sure I make sound choices when starting so I decided to join BP as a resource to make connections and maybe even find my first deal.

They can either come into our Office, we can send a mobile Notary to a location of their choice or they can print the Deed and return it to us signed overnight.

I know I wouldn't want to rent to those individuals.