Higher end property like the one you talk about is less risky and collections are easier but to manage that debt on negative cashflow seems more risky then its worth to be in a great hood.

It would take a substantial amount of work to make it appeal to your limited target market.

Easier to get a price drop, if warranted, then as opposed to near the end.

Its easier to cut costs when you are the owner and you are the entire board as well;) The words Enron and Madoff are other reasons i stay away from the paper asset world.

However, Lexis also makes it easier to access UCC filings (public notices of liens granted to secure equipment financing and the like) - which may be of no help in learning information about LLCs involved with real estate.

It's much easier just to re-lease the place.To prevent this, I would spend more time screening your tenants.

Brian, there are many ways to build a list, depending on who you want to target.

You cannot here in the Denver area, for example.Because of Gail's large target, I would run the numbers assuming commercial terms.

I think it really comes down to a newbie investor being able to decipher between someone like yourself and a "mentor" who is going to charge the most they can out of a student because it's easier to make money that way.

So my first target is potential buyers rather than sellers?