Long-term investors, in particular, might be willing to take on the higher short-term challenges for the prospect of substantial appreciation down the road.3.

Hopefully there will soon be a way to deter that.

For new prospective investors who have more money than time, I think this might be a better first investment than trying to be an out-of-state landlord.You do all of your vetting upfront—of the operator, the asset, the loan, and the area.

This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.

Discovering you boast about purchasing homes under market value will deter homeowners from working with you. 3.

Nothing says you can't follow the prospective renter around with a camera repeatedly telling them they're on film and you'll know if they steal anything.

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.

Once I build a list of prospective homes, what steps should I take to identify which homeowners might be interested in selling?

Set up 1-2 hour time periods on Saturday/Sunday through messaging of when your dad/can call him the showing agent can be at the property so prospective tenants can view the unit (will save him a lot of back and forth).

It will be not only complex (but doable) to secure financing for it, but the real issue is that if you ever want to sell it, it will be super difficult for prospective buyers to secure financing unless they are seasoned investors which limits your potential buyer pool and potentially your offloading price.