Before you even start spend a few hours and a lot of discussion to sort out every possible contingency.  

Hey everyone,Me and my wife just purchased a 3B house in Charlotte, that requires quite a bit of work, and we are looking to expand our network here, as we are new to Charlotte, so this is sort of out-of-state investing for us.

Hi Ropo,@Brie Schmidt is your "go to" for anything Chicago related.I've owned a condo there since 2017 and it's left a sour taste in my mouth as it hasn't moved in value at all.My fault tho as it was a "trophy property" of sorts so only have myself to blame.I've warmed up to the idea of house hacking over the years but still think that "money makes money" if you want to be active.$100,000 can go a long way in many markets when it comes to property flipping.But then again, not everyone wants to be active so I get it.Something to also consider is how landlord friendly the state is.I've heard some horror stories with Illinois but potato "potato" lol.My tenant for example is high net and I get direct withdrawal payment on the 28th of every month and hasn't skipped a beat in 4 years.Wishing you much success 

I think I remember correctly that for a period of time 80% of real estate transactions involved some sort of seller financing or existing loan assumption.

(On your OWN)Also there is no such thing as a "good" list.That is an illusion.NO list goes after motivation.

I would highly suggest getting into a market you at least somewhat know, are comfortable with, and/or have some sort of tie to. 

Providing any sort of motorized vehicle as an amenity is a lawsuit waiting to happen.  

@Zhihan Wan What sort of lease language do you think places responsibility on the tenant?

, that's just the hook to get the conversation started, ask them about the property, condition, motivation, etc.

We get more calls with handwritten, but it's usually from people really not motivated to sell and are more curious.