They had $1,050 on deposit.The property manager did an inspection and then prepared a letter to the tenant detailing all of the charges to be taken out of their deposit.

If you're looking in that particular market be prepared to compete again the large REIT's who buy cash.

I guess now I should get started for real, and I am prepared to do my first investment now here in Massachusetts.

What are you doing to prepare ?

If not, then move to step 4.Step 4: After stabilizing the cashflow/property, prepare your personal financial position to allow for you to buy out your partner and continue on your own moving forward.Step 5: Find a bunch more deals and rock it!

Be prepared to pivot and make adjustments.

My main motivations for getting my license is learning laws relating to Real Estate, access to MLS, access to properties without needing to wait for or bother an agent, the training I would receive for contract writing.. also steps preparing for closing etc.

Prepare a termination agreement that both parties agree to terminate it early without any penalties.

I guess I just foresee the worst situations and more want to be prepared if I do end up with a problem tenant.

Yet most, not all of the places the agent is prepared to show me don't really fit my criteria outside of being in my price range. although I'd rather move faster, I don't mind a bit of patience for something I want to come up.