My gut is telling me that it's going to be a bumpy year for real estate considering interest rates going up to around 5%, tighter lending requirements, lower FHA loan limits, the big hedge funds and REITS moving out of the cash market.On the other hand, inventories are low, distressed properties are being taken off the books and defaults are low.So demand will outstrip supply in most areas of the country if only slightly.But that's just what I'm feeling.

You may have issues that we don't understand based on the limitations of information in the post.

The corporate life is becoming very monontonous and way to political these days so I am taking the plunge to learn a bit more about REI to hopefully someday (soon) make a leap and fulfill a dream.My experience is limited to a few books, some great reads here on the BP forums, growing up in a DIY family (so I am pretty confident in basic carpentry), and priding myself with common sense.

He's simply a hired gun and carries no liability or makes no decisions.

They buyer must disclose the liability to their lender also the underwriter will want to know the loan terms.

Most subcontractors know their limitations and have associates they can recommend and now you have the beginnings of a team.

The thing too about fraud, for those thinking they have some statute of limitations, those limitations begin when the fraud is discovered, not when it was committed.

I am going to do a limited part and continue with polish as the carpet wears out/tenants change.

Get every one of your credit card balances at least under 30% of that card's limit.

You won't regret having a clean money trail and all agreementins in writing.May I repeat, all agreements in writing.Be sure to address liability in case someone gets hurt during be build.Don't be too informal with tenants.