Many novice investors focus on scaling their portfolios quickly and overlook these important facts.

Wholesalers drag out the process if you go with a bad one. they are not buying the house. they only want your signature.

Lucky for you, your own backyard is an excellent (and often overlooked) place to begin investing, thanks in part to Tuscaloosa’s proximity to Birmingham, UA’s steady enrollment growth, and the market’s favorable rent-to-price ratio.As for your comment about BRRRR, you’re right that it’s definitely one of the more time- and labor-intensive approaches.

I have not had an issue with the claw back scenario and if I did I would IMMEDIATELY begin the eviction process which I would then pursue relentlessly.But alas, some tenants use this trick after they have vacated your property. 

I will continue my due diligence process and you both have helped me gain more confidence with my decision to start working with Praxis.

It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.

I began the renovation process by enlisting the help of a relative and some of his friends to gut the interior.

Hello Anique,We still have it up for sale while I go through the rentredi processes I will turn it into a rental while the land lease gets worked out.

Quote from @Andres Lasaga: I am in the process of selling a property to the tenant I have been renting the house for 4 years.I want to outsource the promissory note collections and reportsIt would be only ONE property, for now, any recommendation of a company that can manage the collections and reporting?

You should follow all the same processes you would with a LTR, including the lease.