I only lease 2-3x's a year and end up using mostly Zillow / Experian for the listing, application and screening.

. $100,000 is definitely enough to acquire a long-term rental in Montgomery—it’s one of the most affordable markets in Alabama, after all.As for your concern about being unable to lease the property out, I imagine you’ll be fine.

I had a decent set of renters that are leaving after their lease is up at the end of this month.

Typically, the owner is the only one that can sign a lease as they are the owner of the property.

Give them the option of breaking the lease without penalty. 

Used decent envelope printer, $7,500 (lease for $250 per month for 39 months).  

If you're ok with roommates and generating some leases, ground rules, and interviewing folks before they move in, you really can't go wrong with house hacking.

But then I was tapped out on access to funds, so I switched to creative means, obtaining the next 3 properties via lease-options.

Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

I have talked to OOS investors that lost big doing single family turnkey rentals in recent years because the "great tenant" that came with the house moved out mid lease and did $30k of damage on exit.What I believe you are really going after is: don't be dumb money.