Anyone have experience renting a spare bedroom/bathroom in their current house?I was thinking about a single family house 3/2 (or something with in-law suite)I am early 20's and considering it instead of a duplex/ tri...

We've used a local lawyer before and he was such a wet towel I can't imagine how he can be successful.  

Get your feet wet with a few transactions, learn the things they don't show on HGTV and then use that experience to talk with investors and to pick the right investment opportunity that will build you and your investors wealth. 

I might want to live here again someday and won't want to come back a house that's been rode hard and put up wet for lack of better terms. 

A few issues Shanna,Doing a sub-2 means taking title, your sale price being lower than the payoff of the existing lien means the seller must cough up the difference to pass title at that price, you have tax issues having the HUD-1 balance if the seller remains obligated to pay on the mortgage which he would be.In reality however, the seller isn't paying that note, the overage of funds are coming from you on your purchase.

If you're unlucky enough to have purchase a home where this was done, if you put a wet roller to the ceiling, it's all coming down.Account Closed if you have water damage, you first need to use an oil based primer like Kilz, or the stain will bleed through.

If you are new to investing though, I would recommend you at least get your feet wet with something on a bit smaller scale.  

If you have no money, the more work you will need to do to get leads.Bandit signs (I am not promoting this, it is not legal).CraigslistDriving for dollars (I seriously think this is a waste of time).Cold calling.Create a website.. ahem coughBEST way caughTO caughGet Leads cough snort whipe cough.This is what I meant in my previous reply to you concerning SEO.

I was thinking of getting my feet wet with Mobile Homes and Invest in John Fedro.

In the event of a flood that's going to be the first thing to get wet.