Here is a comprehensive guide to help out-of-town parents navigate the process effectively.1.

Not trying to scare you, but a lot of lawsuits happen because the landlord doesn't follow fair housing laws, or simply neglects repairs etc.

I love San Antonio, I am lucky enough to visit there when I was in the military service. 

Hi @Justin Snead, I would say just make sure wherever you take the pre-licensing class is IDFPR approved. 

I would also purchase the property and not the LLC unless you are a seasoned investor with a good attorney.

Business owners won't want to get tied up in litigation and if there is a good chance they will lose, it is easier to simply follow the contract.How would that work with a lower-end tenant? 

Just sent you a connection.

With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

FWIW Jay, please tell that to Jim, whose unicorns and fairy dust response (earlier in the thread) to the problem is as follows:"Also a non-starter is your hyperbolae; "toxic waste lot's"......

The balanced owed on the property is about 97K.