My biggest hurdle is going to be financing the first deal but I hope to get some insight here.

Putting 10% down is not unreasonable at all and you seem to have developed a strategy that works well for you.

Now tracking down these people is going to be my next hurdle.

Aside from tenants failing to pay rent and tearing up the place, some are unreasonable about their expectations.There are a lot, and I mean A LOT of landlords that attempt to weasel and impose their personal beliefs (religious, political, morals) on tenants through a variety of means.

Sounds a sound deal...Think of it this way...every rental is six hours away, with good management the only hurdle are the numbers, check them, and be confident when making the offer.

Most underwrite to the same guidelines put out by the same end investor who buys these loans.One of the biggest hurdles now is their landlord experience requirement.

I will say I learned several things through the process:Assignment of contracts and simultaneous closings, two ways to tie up a property and sell or assign to an investor, without my own money, protecting my interest and not getting circumvented.There are hard money lenders out there willing to work with you at not so unreasonable rates.You have got to move quick on getting your offers written up and submitted with all the other documents you need.

Life is full of unforseen hurdles, and wall to go around or climb over.

The new law specifies a number of disclosures, but nothing unreasonable.

I don't think it is unreasonable for them to ask to see the contract.