Explain your selection process (have a process), talk about how you mandate pictures of DL's and the background checks you perform or how you only rent to people who have local family, affiliations, or a good reason to be there.

Note: I am not an affiliate of Santander, and I am not being paid to make any of these statements either...I just like the account!

Get an idea of rehab costsSecond, a book that has helped me a lot with becoming my own landlord: The Landlord's Survival guide by Jeffrey Taylor (I'm not affiliated with the author)I'd also setup an account with a tenant screening company if you plan to manage the property yourself.

Before doing so though, I want to make sure there are brokers in the Wichita area I can affiliate with to meeting licensing requirements.  

Xactimate (I have no affiliation and I wish there was a cheaper competitior).”

If you haven't already done so check out TheNorrisGroup (I have no affiliation).  

Remember we are all in this together regardless of political affiliation or lack there of.

Also, the podcast you heard him on gets affiliate marketing fees and is under the Rich Dad banner i.e. conflict of interest + what are they going to say?

It's not exactly how I would have explained it (grin), but his example gets the point across quite well.Escrow protects all the parties involved.One additional aspect is the escrow company (in real estate deals) is quite often also a title insurance company (or affiliated with a title insurance company) and they will be conducting title examinations on the property and ultimately issuing title insurance when the deal is completed.

If a tax sale occurred, the funds generated would first be applied to the county tax obligations and all associated super-priority debts to the county and affiliated agencies such as vector control, etc.