Large scale investors (to the magnitude you speak of) are faced with the same issues you have mentioned (dings to personal DTI and credit report/scores, etc.) and often turn to private funding to avoid these concerns.

I am always concerned when I hear someone saying I just want to break even on my rentals.

ALWAYS assume you will have a 90% 30 year mortgage, just so you can compare apples-to-apples...and to that point:Taking the other extreme: Imagine that you have a house fully paid off, so that your only expenses are taxes, insurance, repairs, and property management.

Our civic leaders have worked vigorously to make that happen and have been extremely successful in getting the right people involved in a very short amount of time.

In some publications you will get negative feedback or calls from regulators concerning what is being offered.

I use a title company that I love and will not use another unless circumstances are extreme.

Real comps, title searches, etc.My concern is in the amount of time it takes to find a good property.

Answer questions concerning properties listed with the firm except only that information contained on the listing agreement as limited by the Principal Broker;5.

Nightowl,I am a little concerned that you have taken real estate classes for 2 years and that you head is still swimming.

They aren't illegal, but they come with numerous very specific and strenuous parameters to keep from being classified as an executory contract (contract for deed) in Texas, and as an executory contract, be liable for some extreme penalties (up to $250 per day liability from the day of sale).Now you can do 1 lease option per year and not have to worry about being liable for more than $100 per infraction, which at the most would be about $1,000.