ref=ppx_pop_mob_ap_shareBoth books encouraged getting involved in communities like this one.I can be pretty technical so I’m recreating some of these rental income calculators in excel to help get my feet wet just playing around with potential properties.But my plan at the moment is to meet people, find people like property managers, CPA etc. and just to overload myself with information.I have the older book you mention in my amazon cart now, many of the reviews seem to agree that it is a good reference.And also where I live (on the border of Boca Raton Florida) almost everything has HOAs.

@Matt Chestnut so a PPM is a very thorough, detailed, and formal document that outlines the purpose and risks associated with the sale of a security.

I am wondering if I should treat them as I would any other tenant such as asking for Security Deposits, Signing a formal lease agreement w/ terms, verifying their incomes (to make sure I can get paid and friendship doesn't go sour) and holding up the lease agreement?

We try to alternate between a formal meeting & a more laid back meeting (for laid back we just meet at World of Beer or somewhere like that)I'll tag some local investors that I'm sure would welcome you..

Note to Bigger Pockets readers: Pat HAS sent me the pics, he's got them, this is totally real and even nastier than you might imagine.I met some incredibly stupid people teaching, but most consequences for being stupid in renovation are far less forgiving.On the other hand, it's really amazing how many successful construction team leads/foremen, especially on generalist crews, actually do have at least some formal teacher-training and experience.

@Jaron Walling the rent is set by the market and $700 isn't high for the state of California and is likely a steal of a deal for a renter who doesn't want to rent a formal apartment. 

Like always, prepare formal written tenant acceptance guidelines, make sure they are legal, and use them in every case.

Hi Patrick @Jeremy Beland gets quite a few wholesale deals along the MA border in NH, I think he's on here and you can certainly find him on F/B or Googling.

It's best to have a formal agreement, and going through that process should also help you get some clarity about what it's like to work on something difficult with each other.

Make sure you talk to a good CPA before anything formally happens.