Also be careful of the HOA bylaws down here with respect to renters.

I havent seen this yet in my area so I want to ask my expert colleagues about how this will go down if I purchase this property.My agent sent me an existing rental property.I searched the CAD for info and found Fannie Mae is listed as the "owner" and the lady who is listing the property and says she is the owner is listed as "previous owner"I know this lady and have respected her for years.

I'll die before they do anything respectable again. 2. they'll get sold off to some new place where that owner and head coach makes a championship legacy out of them...

You have my loyalty and respect.

I work with them occasionally on a limited basis.If the tenant is just late but they are a good tenant in all other respects that is different from a tenant that is not paying and has other things going on with them as well.In that case you inherited an improperly screened tenant and must make them cone into compliance or leave.When buying properties like this do not count on the rental income right away as you have to go through a purging process with the bad tenants.

If buyers agents get a wrong perception of your business, meaning that you do not respect their commission, they will NOT be showing your properties in the future and will spread the word with other agents.

My 2 tenants have credit scores above 700 and earn a respectable income over $60k each.From what I gather the previous owner got in over his head.

Your tenants won't be housebroken, collections will be difficult, and you're likely not going to change the demographics of an entire city region just by picking up a few junky properties.Look for stronger markets if you want to make money with good hardworking tenants who pay on time and respect the units.You're asking for trouble going into very low income areas.

Help you define the appropriate business structures, both from a legal protection and from a financial/tax perspectiveHelp you create a tax strategy for your business that will allow you to legally keep as much money as you possibly canHelp you make smart decisions with respect to your individual real estate investmentsPrepare your annual tax returnsRecommend other team members (attorney, insurance agent, real estate agent, etc) who can help make your business a successWhat are your credentials?

I work abroad, so I am limited with respect to the amount of on-the-ground research that I can do for the time being.I am in the fortunate position in that I have been able to save quite a bit over the last 5 years, so I don’t intend on getting a full time job after I leave my current position.