So by using the Tardus “system” (which anyone can easily implement and which has been discussed for many years on BP), an additional $466 was earned at an increased risk.  

Breezeway allows us to easily organize all photos by room and generate a downloadable document for reference.Once a tenant moves out, we follow the same process to document the property's condition and determine if any amount needs to be withheld from the security deposit.Additionally, we require new tenants to complete and return a move-in inspection document within 3 days of moving in.

My only hurdle is the fact that I don't know the Real Estate Investing industry that well, so I don't know where or how to find the right documents for my wholesaling transactions.I've began generating pre-foreclosure leads, which I am able to filter out just ones with high equity, owner occupied, and no auction date, yet.

So, I will set it up that way; he suggested this, because if there are disputes between me and the tenant, then they are more easily resolvable if the entity is in TN.

My credit is poor right now but can easily be improved as my income is much better lately. 

You could easily buy a turnkey home through a company like mine, Real Wealth Network, and its the same thing minus the 15% fee.

so closing costs by themselves could easily be $12-15K. 

I do agree that a filtering system does need to be in place to weed out people pretending to be something they are not.

The great thing about living in a high cost of living area is that your salary / wages are hopefully also very high.If you are a new college grad, I would focus the next 1-3 years on increasing your salary as much as possible(gain new skills, new certifications, change employers, etc).Once you make more money, you can easily get in a position to buy a property on a more frequent basis.Best of luck!

I was misled when I made my investment, with Dutch frequently stating in public communications that RAD is “like family” and that funds would be returned easily if needed.