from those I know the way they got going was to buy a 4 plex when it went up in value sell and buy an 8 when it went up sell buy a 16  then a 40 then 100 extra and you need no partners.. you grow it organically. however of course this is not pay 40k and your instantly an apartment owner..

After applying the tenant's $1,000 deposit, you are in the hole $4,500.

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

Hope you don't put down large earnest money deposits... these guys will make sure you lose them! 

Exactly what I was thinking.Then add saturation in areas to the mix.You have to work much harder on finding a property that will make the numbers work.If you can find a deal where you have instant equity, you could get a HELOQ to use as a downpayment on the next property.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

We don't have much capital to work with outside the equity in our current home, but should be able to come up with first/last/deposit on a rental without selling.  

.- I will keep their security deposit for funds owed.- I will do my best to garnish future wages until their debt to me is paid in full.This has worked 100% time so far.  

While your deposit remains safe as equity. 

Licensed in both Hawaii and Vermont at the moment, navigating acquisitions and depositions by collaborating the directions of my client with grounded professional understanding.