Great suggestion Stephanie.Educating new tenants as to the forms they might receive in the future is a strong way to impress upon them that you will take action if they fail to pay.

My business partner and I have found over and over that we continue to run into real estate people who are great with first impressions and get you charged with assuring you that they can do the job for you only to ride off into the sunset and not deliver, much less communicate that they can't do the job.Makes us crazy!

(i.e. they let you come look at the place but once you put the deposit down it's non-refundable, unlike when you buy directly from the bank)David I was always under the impression that the wholesaler gets an inspection period from the bank (of course), but the end buyer does NOT get a true inspection period from the wholesaler (i.e the end buyer is not able pay an earnest money deposit to the wholesaler, keep the property tied up for five (or whatever) days and then back out on the last day and get the earnest money back).

I am a newbie to this forum but not the website- I am impressed with the support that I see online here!

I was under the impression that 203k loans were strictly not for investors?

You need to make a good first impression and later on when you present your offers, they would listen.Knowledge is key, when you have no money.

Great way to know what is going on with your property.Plus think how impressed the tenants will be if they call you with a problem some night and you're literally there before they hang up the phone!

I was more impressed with him than the other notes agent who seemed hesitant and was low-balling.

I was under the impression that this property had been abandoned for 10 or so years (needs demo'ed), however the Recorder of Deeds office tells me that the tax bills are still sent to that address.

Or try to do wholesaling, although my impression is that there is a lot of competition in wholesaling here and a lot of very experienced people already in that game.