-The water lines don't bother me because I know that is a utility room.This is also me being overly critical.

We started with $1MM of our own capital, and have since grown to about $25MM through raising private money and utilizing bank lines of credit.

First, create a Post-Closing Occupancy Agreement that clearly states when the seller needs to move out, any rent or fees they'll need to pay during their stay, and what their responsibilities are regarding utilities and maintenance.

Personally, I'd pay with cash or utilize hard money and obviously the market in Memphis is very different than in Phoenix, but I don't think there's any way investors could get something for that much out of pocket down here haha.

She filled the freezer with the meals and then the next day, took them to her father and put them in his freezer.I told her that she was using a lot of utilities and if I had known that this was what she was going to do, I would have declined her request. 

If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?

I leveraged a HELOC on my first property in the amount of $200K and utilized that as a warchest to start acquiring cash flowing multifamily.

If Landlord exercises this Right, binder funds will be mailed within 7 days to Prospective Tenant(s) at a current address listed on their application(s).Move-In RequirementsFirst Month’s Rent must be paid in full in the amount of: $__________Security Deposit must be paid in full in the amount of: $__________Other Move-in Fees must be paid in full in the amount of: $__________All tenant paid utilities must be transferred into Prospective Tenant’s name.Background checks done on all occupants aged 18 and above.A Lease must be executed and signed by all parties.When all move-in requirements have been met and Prospective Tenant(s) given possession of the property, the binder will be used as the tenant’s security deposit.

High efficiency appliances were utilized including HVAC, light fixtures and water heater.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

You can ask the rents as well as other details on the listing such as utilities, amenities, etc...