I have just recently returned to the States from completing my MSc program in Translation Studies (Russian and Spanish) in the UK (University of Edinburgh).

But the stress involved seems like much less too.I'm interested in real estate groups in Nassau County to build my network as well!

That being said, you can weed out a number of tenants with a simple, organized screening process before they ever get to the application stage - this goes a long, long way towards minimizing the amount of work you have to do.As far as explaining the costs, you just have to tell your applicants what you said yourself - there are expenses involved in screening.

We have been involved in numerous audit matters and expert witness/deposition testimony where the fact that the investor did not report it on Schedule E was repeatedly brought up as evidence or proof that the investor did not have the intent to hold as investment property.

Thanks David Beard for taking a look at that program and giving me your opinion.

I am a new investor and I am looking for a program that I can plug numbers into to see if it looks like a deal worth pursuing.I am interested in something that would be beneficial for buy hold/ rentalthanks in advance guys.Btw.I have tried the free spreadsheet that was posted a few years ago but I cant seem to find where my numbers would go in to it.

Don't think there is no competition in small towns.Larger cities will have more people involved in RE, the competition may be more sophisticated, bigger players, more inventory but more feeding off it too.Smaller towns usually have slower turn over, a property that's difficult to sell is easier to buy.

,If FNM is short for Fannie Mae, the 4 mortgage limit has been changed to a limit of 10 mortgages.Here is a link talking about that: http://themortgagereports.com/7395/the-5-10-properties-program-is-for-investors-with-more-than-4-properties-financedRaymond

I am more involved in new construction, and don't invest in fourplexes, etc.

I have no idea what other costs are involved with this deal.