I have already linked up with some Realtors based in Indiana and have property searches going, but I want to be sure I am set to submit offers when the opportunity arises. 

For us it's allowed for knowing ahead of time their situation, understanding of building related matters that might arise, and loyalty in a way.

Yes, as a home owner you are on the hook for any other miscellaneous expenses that arise but that's why you take out reserves every month in your calculation. 

This approach can be risky, especially when unexpected expenses arise, which they inevitably do.

If RE investing is the main source of stress in your life, it may be time to set a new gameplan.Other stressors can arise, such as tenant issues, property damage from inclement weather, market cycles - decreasing rents and property values, etc.I don't know of anyone who has successfully invested in RE without experiencing stress and some point.

--Understand the issues that might arise from LLC's formed in states other than where the property is located.

Just as an example for those reading, if a commission rate were 10%, and rose to 11%, that increase of 1%...is a rise of 10%.

Speaking from Michigan here, so pull from this post whatever makes sense...If the situation arises again, tell the tenant your intent to evict if the squatter doesn't vacate the premises - and start the eviction process immediately.

One individual needs to make the final decisions.Dispute Resolution: Define and agree on a method for resolving disputes that may arise, such as mediation or arbitration, to avoid litigation.Change in Marital Status: What happens to the ownership if a party gets married or divorced?

That way its easily accessible when an opportunity arises.