This why you see sometimes "no showings at this time", "can't get the keys yet", "owner isn't ready yet", yadda yadda yadda.

I picture the guy calling back and saying something like "hey man I'm sorry I reacted that way, my mother just died, and me and my sister... yadda yadda" Simply put...

Been to his house a couple times, we went to play in the WSOP together, yadda yadda...He's very approachable, and loves to help people.

LOL Stephan, at a quick glance I figured that was some co. who used a "sounds like" name, like some of the mtg auction buyers use Washington Mutual Residential yadda yadda, to sound like some large institution for some reason.

I have no real estate investing experience but I do have a finance background and have been investing my own funds for nearly a decade now, via individual brokerage accounts, 401k's, IRA's, yadda, yadda, yadda...and I'm ready to begin the foray into real-estate investing.

I could tell him to put "Equity Trust Company FBO {yadda yadda yadda)"I guess my concern in telling him no (beyond I generally like to keep my good contractors happy) is that there will be unmatching income/expense in the IRS' eyes: somebody is reporting they got paid, but there isn't a matching somebody reporting they paid out.Thoughts?

It was a sad day, but here's the sickening numbers.I bought the car for about $17,000 - put quite literally 25,000 into performance parts (engine teardown, supercharger, yadda yadda).  

Assuming you are all in for 100k for a RENT situation, after you collect $12,000 a year in rent and pay normal expenses, factor in vacany, repairs, yadda yadda, you should be floating around a 8-9% annual net return (assuming you had paid cash).

They didn't crunch numbers, they don't know their state laws, they used a lease agreement they bought from an attorney in 1978 and never updated, they accept the first person with cash in hand without any background checks, they don't know how to enforce their crappy lease or deal with problem tenants, yadda-yadda.

People were talking about rent forgiveness, moratoriums on evictions. the market may crash, yadda-yadda.I ignore it all and focus on one reality: people will always need a place to live.