It consists of two side-by-side campers on lot by a lake (full views, but access is further away) with a fire pit and outdoor space.

Best practice for screening tenants is to come up with a system that is used for every applicant to make sure that each application is treated the same.

What I am wondering is, are you analyzing just for practice?

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

@Michael SerafineYour team should consist of members to fill in the gaps in your knowledge or ability.

We're learning the ropes of being landlords. We know you will need to give tenants the legal amount of time in your state and we're putting something in the rental agreement. How often do you conduct inspections? How ...

It gives you a TON of practical information about managing a rental and it includes your state-specific laws.

"For Sale By Owner" aka FSBO leads are a common source because these are folks that are motivated to sell and are not currently working with a Realtor.Focus on speaking to as many people within a specific time block each day and do it consistently.

Then build your team consisting of your contractor, realtor, closing attorney/title company, even your accountant, hard/private money lender and your lender for the cash out refi part.

That requires years of study, practice and more study!