A warning to investors. I looked into a company called Investors Advantage Design in Waterloo Iowa. They claim to have packages of properties all set up for investors. After looking into it, it appears to be less than an honorable setup. They claim that all of the properties are refurbished and in good condition. However, upon further inspection many are very old houses requiring major repairs. They try and get around this by allowing only 10 days to complete all of your inspections. They also make exagerated claims about your potential cash flow. When you look into it, you find that the expenses that they claim are actual expenses, are exagerated on the low side. Also, their sales contract that they use is unconscionable. They have their own contract that provides for almost no protection for the buyer, and all the protection in the world for the seller. Finally, they don’t use a title company. They want you to give them a huge deposit and they hold it themselves. Good luck getitng your money back if you try and get out of the deal. Luckily, I live in a nearby State. But it could be trouble for the investor who is far away.