•Don’t be so selective.

I've been sorting through the lis pendens and been sending out letters to selected area's all within 30 miles from my house.

Too often people are so excited that they have found ANY property and that they can afford it these days that they don't take the time to consider everything you have stated in your article.One big newbie mistake and you can ruin your landlording future for the rest of your life.The only thing I would tack on to the end of your article (if you don't mind me saying so) is to make sure AFTER you have selected a great property and are ready to rent it, that you have someone that REALLY knows what they are doing to mentor you through the actual rental process... making sure all of your docs: application forms, lease agreements are legal for the state their property is in and not inadvertently violating HUD laws.

To see a listing of the counties for a state, select a State from the map or from the pull down menu.

I am very selective about whom I work for and with…I believe in being professional at all times….. including on the internet.

That's why it is so critical that the management of the project must be very familiar with tax credit requirements and have sufficient experience to be selected to administrate programs.

It certainly beats the crap out of working an additionl 40 hrs/week to gain overtime salary.Maybe it's more like this-- it's better ROI to put your cash in a money market account than keep it under your mattress; but it's better to put it into an index fund than a money market; better still to select a prize-winning stock; better still to correctly pick hedge funds/explosive growth companies, etc., etc.

Be selective and demanding.

That's why we prefer to use our hand selected handymen."

And, to clarify, you don't need an attorney to file the paperwork--that's easy--you should seek an attorney's advice BEFORE filing any paperwork to help you select the right entity structure(s) to accomplish your goal.