You could ask that they put a year or so of savings into a separate account on which you have view access or receive a monthly statement so you can see they have the ability to pay future rent.They aren't going to last without other income or savings with income at 1.25x rent.

You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential. 

Once you have the LLC and IRS Employer Identification Number you can open a business bank account to track rental income and expenses. 

Hi @Janet Runes,Selling a property with tenants in place is definitely doable, especially with the right buyer—usually investors who value the steady rental income.

Use tools like MLS, Redfin, BiggerPockets calculators, and Zillow for cost and income estimates, and enhance research through networking.

You will have income (rent), but then you'll have expenses: taxes, insurance, repairs, turnaround cleanup, eviction/attorney costs, vacancy factor etc.

I mean, Texas is still a great state because of the amount of jobs, the pay that comes with those jobs, and the cost of housing here as opposed to other places around the country.However, that key word "affordable" actually has a definition to it - and that's 30% of the income shouldn't go towards housing. 

After expenses, it provides a net income of $1,500 per month, making it an ideal investment for long-term passive income.

While he may not have money to invest...there are multiple ways he can still derive income from real estate. 

Because high rental yields, tax free income, and stable market. what do I have to learn first to start investing on Dubai's rental properties?