I'm a little late to the party, but if this is your first, just grab Excel for tracking & Zillow.com for rent collection.  

If you are here on 3/14 at 6:30pm-9pm there will be an excellent presentation by former JP about evications in North Dallas.Judge Al Cercone, Justice of the Peace, Precinct 3, Place 1 (Retired), " Realities of the Courtroom for Investors and Landlords "   The latest on small claims and landlord-tenant law and how it actually works in the courtroom.If you want to do the same for Ft.

Hello - I have tenants in a rental home in the Cleveland area who have rented the home for the past 12 years, excellent tenants, always pay on time, etc. 

Excellent case studies. 

It will then follow the same steps as above.We normally post both just in case the tenant does pay and you accept some or all of the monies owed.

This is an excellent question.

If you don't know real estate, this would be the same for  you if you just want to invest, not wanting to do the work nor learn nor wanting to do option 1. excellent post Ke Nan, couldn't agree more, and Chris, if y'all are working full time, then may be most efficient to maximize your W2 earnings as you are, then plough the savings into Real Estate syndications to get many of the same tax benefits you would get from direct real estate ownership but without all the time investment of dealing with tenants/toilets/and termites etc.

Most will take the value of the land as part or all of the cash/equity/downpayment. 

Hey Cedric, since you're looking to invest out-of-state, you should take a closer look at Cleveland and Columbus OH for excellent investment opportunities.

Excellent service and I highly recommend!