Personally I wouldn't bet on rents increasing, let alone more than inflation.

The best part is all of the money I've used for these deals will come from a loan I got through Lending Club.I'm still working on my presentation for getting private investors and I plan to get that started soon.

- I don't understand the question...I bet Jon meant to write "How much work to get it ready to rent?"

I would not put that in an LLC, you need a family trust or leave it alone as a private family residence.

I have worked with a few of them; although their LLC status is pretty much irrelevant in the accounting side.Talk to a reputable attorney on the matter; however, as Bill Gulley said Insurance is your best bet starting out and equally important as time goes on.

Your only salvation might be owning a particular phase of the project that might be peeled away by lenders, but don't bet on it as the problems arise through the HOA of the PUD, if it is a PUD.As to slick thinking circumventing lending regulations....with multiple entities....bad idea.

It would be my guess that on average most people dealing in RE, I know it is for sure with agents, do very poorly.The answer is something you will have to learn on your own and it will depend entirely on your effectiveness, which is a result of your efforts, time spent, and abilities, combined with your resources.This is area specific so your best bet would be to find people in your area and figure out what is going on with them.

Ultimately, I want the primary source of my income to come from investments in real estate and private businesses.Although I’m pretty much a silent reader for now, I will join the conversation as I feel like I have more to contribute.Thanks to the active members for sharing their knowledge, and good luck to everyone on their endeavors!

At any rate, private financing may be the way to go.

Regular auctions are an easy way to get a house, but the problem is, a lot of the time if it needs a lot of work, many times it can be hard to get financing.Having a job is a huge help, for qualifyingA lot of the fancy techniques peoplediscuss - hard money, private money, flipping, etc. sounds promising but can be hard to do first off.