Since you want to run your RE business like a business (a stellar idea I must say), you'll enjoy the two most recent podcasts.  

Not that it can't happen but it sure is better in my mind to take care of your personal credit so its remains stellar and to get a great job or what have you so you CAN save some money so you have liquidity to invest with etc.. 

Find one with a stellar reputation and connect with them BEFORE you list this property for sale.

I asked them a few questions and learned that they are a supplier for the military base and need a place to live for their employee, but they would be paying for it.I said I would think about it and call them back.Here are my thoughts:Upfront rent means there is no credit risk in theory (as compared to currently approved tenant who has less-than-stellar credit).Concerned about renting to a business, but probably could get them to cosign the lease, along with the employee, as individuals so I don't have to go into business credit analysis (plus they would be paying all cash).Probably could write a lease that says if they default I will refund the remaining rent balance.  

So even thought the home may be listed for $150K wich could be a stellar deal, the bank can come back after 1 month and say, sorry, we need $190, or no deal. 

Stellar tenants.Though we don't make it a habit (and state in the rental agreement to mail rent to our P.O.

I don't think a stellar one exists in Buffalo compared to other cities I invest in.

Either way, it hasn't been the stellar returns I hoped for or initially had, but it's decent and I'm still plugging away.

I own in Jacksonville and have less than stellar experience with PMs there...and many of the issues I see with current PMs is a bit on the predatory side of taking advantage of inexperienced home owners out of state.Semper Fi,-Nate

After starting to analyze the area of Lee county this looks like a stellar deal.