Some common desirable factors might be:* Proximity to a great school* Beautiful ocean views* Beautiful mountain viewsIn fact the investors' choice of Sokcho to invest is in large part driven by what they see as Sokcho’s inherent desirability as a location (ex: proximity to Mt.

Perhaps the L/O idea is a good choice regardless.I'll try to nail my lender down tomorrow, and give the seller a call [she gave my agent her number and I've actually already spoken to her once about some questions I had regarding the Oil Furnace.My only concern regarding the lease was if i have a contract that states a move in date, although the boys will be fine with "whatever"- will their parents?  

Very practical advice.

In FL practicing 'real estate' without a license is a 3rd degree felony with up to a $5K fine...kinda scary!

I give my tenants a choice, mail the check to the bank, wire/direct deposit it into my account, or physically take the check to the bank location and deposit it into my account.  

I would initiate the legal eviction process immediately.Also, if you had to evict a different tenant earlier and now you want to evict this tenant, I'd say it's time for you to review and tighten up your screening practices. 

There are many books on that subject but I would like to know if anyone has read a few, and would recommend one or two.I'm looking for a book that offers proven best practices/recommendations for setting up LLC's, land trusts, and/or S corps, etc. for properties and companies owned by a real estate investor.Any recommendations would be much appreciated!

Doesn't matter if your going to buy the deal just put them up so we can all practice analyzing. 

There is a solution:  1 - You have to get a HELOC on all of them first.  2 - Take cash from the HELOCS, combine them together, and buy another property where the refi loan would be higher than the minimum 50k.3 - Take part of the "cash out" from the refi and pay down your HELOCS.  4 - Take the cash out from the refi to buy your next property.5 - Repeat steps above until you:        a - Pay off HELOCS in pieces        b - Get tired of using the same "cash" (from the continued refis) to buy cash flow Keep in mind that your choices of properties must allow all of them to continue to have positive CF...or choose a different property.

Apparently that's the usual practice around here.I gleaned as much as I could from the proforma, but you shouldn't take the info on it as accurate.Depending on the purchase & sale agreement your agent uses, it should ask for those documents for you to be able to inspect.