The differences in numbers can be accounted for by the following:1.

If you opt for property management, be ready to fire a company if they don't follow through.

It's a PITA, but at least the process follows certain rules, and you're not subject to the vagaries of the credit committee at a local bank, that might well be under regulatory pressure.In answer to your question, yes the bank might "force" your loan off its books, one way or another.

I don't always follow this.

He proposed the following :He found a 4plex for sale for $135,000 and said that the seller is willing to carry the loan and let us have it for $105,000.My friend said that we can offer $10,000 down and $550/month for 20 years.

I (or whoever the partner was) would do the following:- Find the investment- Due diligence prior to purchase- Submit offer/negotiate- Close (with your funds)- Manage the rehab- Find the tenant- Manage the propertyBasically, the partner who is not putting up the cash is getting 50% equity in the deal for doing all the work.If there is a PM company hired to do all the management, that cost should (somehow) come out of the partner's profit.

The rule of 70% of ARV is not follow by a lot of investors that do volume.

Short sale of the pre-foreclosure is the approach to follow, as mentioned above.

Following that, when placing a bid on a property, you attach an addendum indicating that the property will be put into that EMPTY trust.

You name it, it's all going on.Shale gas is definitely having positive economic impact on small towns in south Texas, BTW.It could be a sharp flow to be followed by a big ebb, but we are about three times our anticipated volume for the first month.