Be prepared to be very frustrated.With some owner financed deals you eliminate this brain damage, but the tradeoff is dealing with a seller that likely doesn't understand lending well or the possibility of a note being called if you buy subject-to.

Man that was brain damage.

My mention of being an attorney was related to putting the agreements together and avoiding SEC requirements, I think, at least in Mo. an attorney can perform brain surgery if he wants to, but securities sales is something even attorneys can not engage in without a license.I took an equity position as V mentioned to avoid the issues and that still is a tight rope walk when talking to potential investors.

I get what you are saying by being the best value in town, to do that we would need to drop it to $1525 which will take me a few days to get my brain around since I rented it last year July for $1600 and this year the place has all new carpet and is fully painted, last year we didn’t paint everything and the carpet in a couple rooms was kind of worn. 

Get a good insurance policy that covers, this will protect your personal assets.Spend an hour or two with a current practicing lawyer and a CPA and pick their brain on your local laws/practices.

Selling used cars can make a good living without all the brain damage involved in RE, and that's pretty much risk free!

May I pick your brain.

(im sure someone will disagree but this is just to get the brain flowing)3.

@Pete T.Emailed you, Thanks for letting me pick your brain!

It's brain damage and I'm always chasing the reimbursement but so far I've gotten it.