first thing one should do is figure out if they quality the 2  in  5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate. 

If you have to go through the utilities companies for city hook ups or gas or electric?

then MLS feeds to all the SM sites and agents can filter through the responses or if it my own property like here in Oregon with our subdivisions I handle the first calls and then qualify them once done and appointment set hand it off to the closer ( my wife )  If I get a ton of E mail request for info I just tell them they need to come and look first.

Make sure you have your contracts reviewed by a real estate attorney to avoid any pitfalls.Step 3: Utilize Business CreditWhile building personal credit is a must, consider establishing business credit simultaneously.

Also, if you are buying a distressed property many times they cannot be inspected fully because utilities may not be turned on and you are fixing so many things already there isn't much risk in whatever they might find anyways. 5.

He knew a bunch about it and had a ton of certifications and awards.

That raises a ton of red flags to me.

There are a ton of Philly investors here, but you have to be more careful about how you are announcing yourself as an agent.

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

Given most properties appreciated to the point the equity was above both the first and second, he mostly got paid in full when the owner sold or refinanced and made a ton of money off it.