We installed hard wired smoke detectors so that you don’t rely on tenants to replace batteries, fire extinguishers, CO2.

That reduces your equity state to only 1/7 of the total, but you could collect all the management fees from running the company.

So be careful relying too much on things right now.This does raise several questions too:1.

This would be offered to family and very good friends.Although I consider myself starting out, I'm not a total newbie.

Brian Gibbons, just a clarification--- the $900 is the total expenses monthly.

Why rely on someone else when you can have control and do it yourself?

The main benefit - is that most banks only allow a person to have 4 loans total.

I found him rude and arrogant and wound up somewhat amused by his act by the end of the day.I was a complete newbie and probably totally naive - this was the first speaker I had ever seen through our REIA - and I wound up signing up for a weekend conference that was supposedly being put on by a guest speaker who came in for an hour during that day (I didn't want anything to do w/Foxx, but I thought this other speaker had potential).

Option B: Receive cash-flow and immediately feed it to any notes payable, essentially converting current assets to fixed assets (equity).Both options contribute to the Total Owner's Equity at the end of the day.Cash Pros:Liquidity, especially when you need it.Cash Cons:The dollar historically get's weaker over time.Equity Pros:Real Estate historically get's more valuable over time.

. – I totally agree “ prospect “ For example :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I use to wake up each morning and my 1st words normallyThank You for allowing me another dayThe last several weeks it’s been “ I need to prospect…prospect…prospect “