It’s a great place to network, learn, and level up your investing game, whether you’re just starting out or already have a few properties.

Quote from @Levi Perl: The purpose of background screening is to determine a level of risk, and then you decide if you can mitigate that risk.How does a DUI conviction from three years ago impact the tenant's ability to pay rent or maintain the property?

Note that water penetration is not limited to flooding from rising water levels on the ground in a weather event.

or, you can go into the high end neighborhoods where there's more margin... but probably the same level of competition as you're used to. 

Because it's my money, I care more (I get 92% of the revenue, PM only 8%, and PM team member near 0%), I only had my units to manage (PM team member has other owners and units), and, with humility, I am smarter and harder working than the team members assigned to my portfolio (3rd party PM has to hire at a level that makes the business model financially work for them). 

If the score does not seem to be backed up by enough credit history to be reliable, I will make a judgement about the tenant's level of responsibility based on their answers.

That's why many businesses just close instead of being sold.Real estate investing provides a lot more creative angles than the stock market, but on a conceptual level, nobody would seriously attempt to replace their W2 income in a few years by investing a few thousand dollars in the stock market.

That is the one thing that will take what you learn here, on podcast, and in books to the next level.

If they are changing jobs, they need the new job first and you need to paychecks or offer letter with salary or maybe even the first two paychecks at the new job, depending on their level and income.Ask them about deposit and rent. 

I’m also considering advising my tenant to look into Section 8 assistance, as it could help support their financial situation while allowing me to adjust the rent closer to market levels.