6) Finding a lease that complies with all federal, state and local requirements7) Figuring out how to accept rental payments - most Class A tenants won't want to mail you a check.

I am considering getting into this space (looking at some courses), but worried that its too late, and that deep local market knowledge/understanding of buyers/connection with developers etc is required to make this work, which only incumbent/long term investors will have and would be hard for a new entrant starting from scratch to catch-up...is my hypothesis valid in your opinion ?

@Tiana Lazard check with your local municipality, but unlikely you can claim homestead unless it is still your legal address - and you want tenants getting your mail.

Found on Zillow during a competitive time in the market.

Pending property prices in your market perhaps $25,000 is enough to buy a small rental house.

I own 19 properties in Rhode Island and have found the Eastern CT market to have Rents just as high as Rhode Island with property prices 60% less and taxes 50% less.

In most markets it is not a linear price increase.  

Anyone familiar with rental mgmt companies in and around greater Houston area (TX) that are investor friendly and can recommend to help me market, screen and place qualified tenants?

Often times if you work with a local bank or credit union, you could get lower fees and a fair rate.

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.