Feel free to PM me at your convenience.Congratulations, Jared, you came to the right place.

Feel free to PM me at your convenience.I wish you all the best in your real estate investing career.

However, one thing I would add is that, when vetting a Sponsor/deal, their acknowledgement and analysis of a "bad" situation is certainly welcome.For example, a sensitivity analysis that supports say a 2-3% return even if occupancy and rents don't come anywhere near projections, is still relatively attractive given potential returns on other investment vehicles.If a Sponsor you're considering is all rainbows and sunshine, I would take that as a red flag and move on.

Feel free to PM me at your convenience.Once again, welcome, and I wish you the best in your real estate investing career!

You know when you come across a property and theres a Red Box with an "X" in it with the initials of the municipality's fire department on it?

I renamed it Tenant Invoice Not Paid because it lets me see how much money is still owed to me at any given time.Make sure you choose Accounts Receivable in the Account ColumnMake sure you enter the rental amount in the Debit ColumnMake sure you type in the tenant's name in the name columnSecond Line type in the bank name or choose it from the list because we are going to backout the money that bounced.Make sure you choose the Credit Column and type in the rental amountMake sure you choose the tenants name in the name columnStep 2:  Billing your tenant for NSF fees and Late FeesBecause we did a journal entry for the rent that bounced, the old invoice, the original invoice is still outstanding and active. 

It is tough because the average rent is a little over $400 per unit, and these appear to be SFRs which raises a bunch of red flags for me. 

I have the opportunity to put a small portfolio of 7 units (a fourplex and 3 houses) under contract in a small town (Red Oak, IA) which is about 45 minutes outside of Omaha.

That house in CA was red tagged for several violations.

Where I live you are in some pretty rough neighborhoods if you're looking at anything under 300k, and that's true 2 hours in any direction from me. At