How is this process done?

As a new landlord, familiarize yourself with tenant laws and have a solid lease and screening process in place to protect yourself.Be prepared for maintenance expenses by setting aside funds, and if managing the property feels overwhelming, consider hiring a property manager to handle day-to-day tasks.

I’m in the process of closing on a duplex and will be inheriting a tenant on one side.

This is the best description of the process on the back end I have ever seen, thank you.

I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!

It's a complex process and there are a lot of unknowns for a first time investor.

@John Clark This could take another year depending on how long the foreclosure process takes around here.

*Investor-Focused Solutions: Custom loan structures that make it easier to get deals done, from seasoned pros to first-time investors.I’m passionate about helping investors simplify the loan process and make smarter financial moves.

This costs you nothing, and it will be your first real action step in the process. 

If during the quiet title process the original owner comes up with the $5k for the taxes then she can get it back and we’re out $35k.