Let's get together and mutually grow our businesses. 

In my experience, private money tends to be less expensive than hard money, as well.Regardless of whether you work with private or hard money, developing a good working relationship is beneficial.

And I think spending time to sit down with the normal contracting team that you use and trust and asking about what their goals and dreams are can help you understand and find a reasonable price point for their services that is mutually beneficial.

If you purchase more rentals, you may need to look at a commercial policy... which may or may not be allowed in your own name, depending on the insurance carrier requirements.If you choose to title and insure the properties under your own name, a personal umbrella is beneficial, although more risk (the rentals) will increase the cost of an umbrella policy (vs if you have a personal umbrella for your home and autos only). 

Connect with a local mentor who is willing to work with you- be open to giving something beneficial in that relationship as well. 

I hope you find it very beneficial.

Also to find someone who could guide me in this process to make sure everything is o.k because if I screw up it's going to be detrimental since I'm risking everything in order to start my career.My goal is to make an offer on a property for the full asking price of 200k or what ever it comes out to be since I'll be providing down-payment and closing cost I wanted to know if there's a way I can negotiate with the seller to provide me with a cash back amount of 7-9% which is the amount of the closing cost so I'm able to have reserve cash for future expenses and/or to possible combine the money I currently have saved to purchase the next property.So BP Members my questions are:1: What can I do differently to possibly find a mentor (I'm meeting with a potential mentor this weekend in NYC any advice would be beneficial)2.

Paying off a senior lien can be added to your amount to foreclose upon, but I don't see doing so, unless required, as it being beneficial since you're bidding in the amount anyway.

Al,We do not share revenue per se, as our deal with the cleaning folks is in the form of credits {from 10 - 20% depending upon the volume of services rendered to our tenants}, which we use to cover some of our turnover cleaning costs.While not as successful as we had both envisioned for uptake on the weekly cleaning service, it has proven mutually beneficial for cleaning on move out.  

But now I want to hear your ideas about how I, "the inexperienced investor with nothing to bring to the table" can come to a mutually beneficial agreement.One time I rode my bike from Seattle to Boston, only taking a change of clothes and whatever fit in my backpack, sleeping outside without a sleeping bag for most of the trip.