I'm lucky my girl has the slovak nationalitie so its a little bit easy-er for me to start, but im focussing now on how i can make a good deal there without burning my money, and most importently where i need to think about, the crucial things..My first plan was buying from a "RE- bureau" who sells properties and pay little bit more but handles all the papers for me.. but last week i found a guy (online) who is a lawyer and sworn translator there and he speaks my language (dutch). the man himself is living there for 20+ years so he should know the rules, i will try to work with him to get some deals from other landloards or 'normal' people to get cheaper deals.

I knew it would be a fairly simple answer, just wanted the extra input.

But depends on the house and market, since that is an extra expense... 

Am I still responsible if the person living in the house trashes it between now and the close- breaks all windows, burns it down. 

All these extra expenses start to add up, so make sure you run your numbers well.

Expenses (taxes, HOA, insurance) are $267/moI came up with a Cap of 8% (the bottom of where I am comfortable).If I had $80k in cash sitting around, I would jump on this deal, but as it stands we would have to either 1) buy in a self-directed IRA for a longterm investment or 2) cash out part of our IRA, take a tax hit now, but enjoy $600/mo extra income forever.

We keep them well maintained and tidy with the idea that good tenants want updated, clean spaces and are willing to pay a bit extra for them.Do I let him stay, at least another year until all the other units are turned, or does he need to move on?  

You can RSVP here (an account is required) or simply show up - but registering would be helpful so we can plan accordingly with printed materials: http://www.meetup.com/Networth-Investors/events/22...Light refreshments will be served - please note that Somerville is mostly resident parking, so be sure to give yourself some extra time if you're driving in, try to carpool, or take the T.  

I must sell a property who is already paid in full and need that money back in my hands urgently to keep expanding. Commercial Value is around 145K. Since HOA is $330 and rent is only $1350 at most we are deciding to ...

Sadly this burns our sellers with too many false buyers that never perform.My building of relationship with the project manager has gotten me standing above others.