Another important PM measurement is we average approx 96% collections per month.

Thanks @Jenkins Ramon .Some of the other important qualifications were that it has to be a foreclosure and the units are restricted to tenants with incomes under specified thresholds.

i've always been interested in real estate and whenthe Steve Martel group came to town to talk about investing in u.s. real estate I realized that it was important to get education first before investing.

It's extremely important to have the field experience.

In many cases, the transaction goes more smoothly.More importantly, I would make sure that I am fully represented by my agent as a client (signing the buyer representation agreement), which ensures that he/she has a legal duty to keep your discussions confidential.Congrats on the offer!

Many times in court it comes down to who the judge believes, if you were caught doing a fraud your credibility will suffer.Good insurance and good management practices are very important.

It is more important to have a GOOD title company.

Steve, My knowledge of properties in NYC is very limited, but with what I do know and have observed personally (I used to tag along with my Uncle - he's a construction contractor) on buildings with age like you have throughout New York, it is very important to check for leaks, as well as foundational issues.

Last thing: What do you think the most important lessons for people wanting to get into wholesaling is?

To investors with poor personal credit the most important financing criteria is loans based on the asset itself rather than credit; these investors are candidates for so called hard money loans.