This is simply an assessment of how much return you want for a given risk. $100,000 in debt is a lot of risk, and you should be looking to earn around 2% monthly return on that risk.

Rarely does a PM exceed the rents projected.That is simply wrong!

Unfortunately, most newbies simply fail and disappear, thereby denying other new investors these valuable lessons.Good Luck (you're gonna need it),Mike

You will need to obtain insurance for the property and I simply list the seller as an additional insured.

IMHO, To put it simply, it is their focus.

Perhaps a naive question, but for someone like myself looking to purchase my first 2 properties this year, could someone walk me through the benefits of using quickbooks pro vs simply keeping track of income and expenses in an excel spreadsheet?

Generally, you can change the "house rules" simply by giving 30 days written notice.

Hi All,Is it better to start an LLC to begin investing or can one simply get business cards and go from there?

I have conclude that because they do buy at a larges enough discount the spread the potential losses over the total amount of properties brought get balanced.

You simply have a contract that you are going to have to perform on.