We've had some success recovering money owed, and we've seen it on credit reports.Recently a former tenant attempted to co-sign for another prospective tenant.

I’ve spent time assessing areas locally and identified Richmond, Pearland, Conroe, Montgomery and Katy as prospective areas to invest in.

the way to go about it is turn it over to your insurance and get the police report.. sometimes insurance will then subjugate the claim and go after the tenant criminally I had that happen on one of my rentals where the tenant did 40k in malicious damage on a new construction home I purchased in MS. 

Not having experience qualifying prospects I would think that the leads you would get from here, if any, would be..... challenging. 

Sixteen homes to inspect- roofs, hot water tanks, soft floors, siding damage, decks, porches, furnaces. 

To me these accountability groups mean that I'll have someone to report back to about wins and fails to help with prospective and motivation. 

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Our extensive clientele base spans across the country, and while we may charge a minimum fee that may deter a certain percentage of prospects, we believe in emphasizing the value that a competent CPA brings to your investment operations.With over 25+ years of experience serving in large middle market accounting firms, I bring a wealth of knowledge and expertise to our firm engagements.

The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Also, you need to be prepared to screen prospective tenants yourself and verify vouchers before committing to lease.