Then a wise man who was already successful doing what I wanted to be doing shared some common sense that I took to heart: settle on ONE strategy to get started and block out all the other noise, the BS, and the well intentioned but misinformed friends and relatives telling you that you can’t do this.

Boom, you are now a real estate investor.Oh and definitely build a corporate web of at least 5 layers of shell companies before you even begin thinking about buying a property.  

This is the best place for all things real estate related.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

While it's different from outright ownership, many investors still see value in Bali’s real estate market due to its high growth potential, tourism demand, and relatively affordable prices compared to Western markets.Actually there is some flexibility that you can own a as a foreigners, the solution on it is by owning a company and put the property under the company name.

My relative inherited the PO and  didn't need an attorney but the PO required negotiation with a company called JLL who took a 4% commission on the 5 year price of the lease.

Each lead-generating process has its pros and cons; door-knocking takes a lot of time, and you may not be speaking with the owner of the house, but you get to talk to people face to face, and it is relatively cheap (you should have a flyer or packet). 

Also, everyone go follow the Dothan Area Real Estate Investors FB page.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It sounded DIY.Parents passing down real estate is a great idea, but you have to be sure you are all on the same page.