To check on the tenant and the house weekly to make sure the boyfriend didn't just move in or the adult kids just move in, and that bad things are not happening in your house or that your tenant didn't just move out in the night in the middle of winter and turn off the gas, but not the water.For my $15,000 which my IRA is looking to invest, I am going to get to know the major players in my market or any market.  

It's located close to an affluent area with a good amount of middle class jobs that is currently experiencing a housing shortage. 

As it relates to flipping, how do I protect myself from a buyer who may want to cut me out of the deal so that he/she can take over the property for a lower price?  I heard of stories where the buyer waits until the i...

Hi @Perry Ivy, that's one of my concerns.

My dream is to create a real estate company serving the housing needs of middle income population, but like everything in life, it is best to start with baby steps.I like the NYC metropolitan area because of its diversity, potential for growth and the fact that it behaves somewhat independently of the national economic trends.  

That is natural vegetation and looks nice as long as its not poison ivy.  

I hear their daughter Blue Ivy is one hell of a strict property manager though, hope she accepts my rent in the form of IOUs.As I am just starting out, I have put a moratorium on purchasing books until I finish the group that I have recently compiled. 

From middle-class married couples that just want to ensure financial betterment for their family to world-famous billionaires, people from all walks of life participate in the game of profiting in real estate. 

Those would all be upper middle class properties with access to a lot of night life and high income tenants, and the cost to buy for the most part would be a lot less.Best of luck to you!!!

I am in the middle of acquiring a lot zoned for duplex and it is only 3,700 sqft.