Analyze as many potential properties as you can in your market and you will get a good feel for what a good deal looks like. 

Im living in Beijing, China, and I am able to save a lot of money here that I want to invest into rental properties, and since Im soooooo far away Im following the ideas of David Green, about the long distant investing, I picked up Indianapolis as a city and a region where I want to invest and I have found a local agent and a property manager , so they can , in a way, control each other, in a sense that I will have two separate source of information, because I will not be able to be there and I need to choose the right property, especially because this is my first one and Im still learning about all of this.

12- Sell and CelebrateNegotiate the sales price, go to the closing, and collect your big fat check :).

It is also common that a LOI is not binding.You CAN, in a lot of cases, use the local Realtor board boiler plate contract and add an addendum that clarifies or adjusts the verbiage.  

Last year I had a client who was a startup in Home Automation space, which set my spider-senses tingling into the Real Estate industry, which set a course where now I'm running the marketing department for a high-end real estate firm here in the DFW area.I'm here because I love to learn as much as I can in order to become excellent in my space.

One of those big fat tax guides with an index at the library or bookstore, Lassiters, etc might point you in the right direction.

I am certainly willing to offer anything I can in return.

In order to maximize forced appreciation, do I:rehab as quick as I can, (in less than 60 days) and try to refi hoping the appraisers use comps PRE-Harvey ordo I rehab and wait it out a year+ before refinancing so that all the homes are rehabbed and values go back to where they were before the storm.

Hey there KC,Just wanted to say thank you for joining our site and I hope you learn as much as you can in the near future!

I just make sure to get a fat deposit.