Is it possible that the feeling of a lack of control, based on your distance from the property, is making you paranoid?

How do you determine which one to use to gain control of the property?

Before you closed you should have analyzed how long this tenant has been there and payment history.If they pay on time and pay market rent and have been there a long time costs to recondition the property will be high and it will take awhile to get them out at the holidays with the court systems taking time off.I would just moniter it for a little while and see how things go.If it's a small dog usually you don't have to worry unless a bite history exists with animal control.If it's a big dog or aggressive breed you definitely want them out as you could be sued and held liable should you not take action and an incident happens.

The maintenance and turnover costs are similar to apartments-- although a little higher because one unit supports the entire roof, hvac system, plumbing system etc.

People not strongly in control of the deal that are really contributing mostly just capital also would like to just fund the account as capital is needed in draws too.

If there was a Hall of Fame for investors, Lonnie would probably be in it.It's too bad too that so many following this scheme did so as preditory dealers to the extent of having federal legsilation adopted to restrict the practice.I guess the best way to proceed is to make enough on your fist few deals, maybe sell the notes for cash and pay the fees to become a licensened mortgage originator and a dealer, otherwise you'll be limited to conducting business.BTW, Another similar "system" involves selling land, if it's zoned residential or can be used as residential raw land, it also falls under the SAFE Act.

Sometimes your 45 cents on the dollar home runs can get out of control real quick when you've gotta put new copper in every two weeks and deal with the junkies that think they've found a new crash pad.

KNowing that green grass gets cut I instead, opted to familiarize myself through working within the REO system as a business owner and vendor to them.

Besides, I'd only be testing one system at a time so the draw wouldn't be that great either.

If you have a going business with a payroll, an SD 401k plan with checkbook control is the way to go.Jeff