I'm an aspiring real estate investor, but I am a bit alarmed with how many people are investing.

However, the buyer's appraisal still has not occurred, so potentially the deal could fall through.I don't want or intend to wait much longer to notify existing tenants that I will no longer be the manager/owner, however I also don't want to alarm them until I feel the deal is as close to being "done" without final execution.When do you notify them?

. - some Gatorade in the toilet tank while you poke smoke alarms will let you know if your flapper is leaking and costing you $. - grab a $5 ground fault indicator tool for new purchase walk throughs.. $5 might save you $5,000. - welcome baskets.. $40 at dollar store and 99% of landlord won’t do it.

But when the “inspect” they are really also replacing the air filters, smoke alarm batteries, etc.

If you all could skim through and let me know of anything it appears I haven’t considered or anything that alarms you it will be greatly appreciated!

I'm going to install a home alarm tomorrow morning ( husband works for ADT and can get me into a short-term contract) and be sure to drive by the property every day and night.

That is very alarming to me as I would guess with an 80/20 LTV on the property you would have negative cash flow on the property.

I just don't want to fall victim to a scammer or identity thief.

Also regarding alarms, what do you suggest is the best way to secure a property while it's being renovated?

Account Closed,Actually, no - I'm NOT against what you do ...... well, except maybe for the generalizations.Yes - there will always be shysters looking for easy money, and "professional litigants" who think its an honorable way to make a living instead of earning an honest dollar.I don't see that as a justification for not doing what the law allows in terms of guarding your assets.Not everyone who implements asset protection is thief, a cheat or a liar.As I've said numerous times and will always say: nothing is 100%.