Now I am not saying that EDDM, Cold Calling, or other methods aren't useful but there are ways to enhance those methods, reduce waste, and improve your ROI.

As was mentioned, make sure you comprehensively screen the tenant to see if they seem like they'll be responsible pet owners.

Within the next 5 or so years I would have the opportunity to relocate to a new city for my job, so I am thinking this would be a good way to begin gaining equity in real estate, live with friends while I'm still relatively young, and have their rent payment help pay off my mortgage.Sorry for the long post, hope that it is at least comprehensible.

maybe join the Texas Apartment Association for a couple hundred bucks which allows you to use their lease. it's pretty comprehensive.

Sorry-should specify that I would be looking for comps within a given geographic area instead of a comprehensive report provided by a service.

Your list is pretty comprehensive, I would check deeds, title, leases, management agreement, vendors, etc.I tend to disagree with the bolded portion though.

., I would love to get my knowledge enhanced on that as well.

@Leon LiMostly, What i have is a few questions that may help you decide or enhance the overall structure Lower Rent:Can your business afford a rent decrease still keep cashflowing the property?

Stain enhances and highlights blemishes.

Probably the most comprehensive study of real estate cycles going back to the colonial days in America.