I personally own 2 rentals in Indiana.

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

If you do decide to allow an inspection, just keep an eye out for a few things: make sure they’re serious about the purchase and not just fishing for information, and try to get a sense of their intent.

If you set the vision and then define the roles and responsibilities I think you can have an easier time finding the person you are looking for.

I remember some of my staff trying to rent rooms and they would get 70 applications and interview potential roommates in person to see if it was a good fit.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

He really is a proactive person.

Quote from @Amanda Dobbs: Is there a place to find Private Investors as in one person?

Sometimes you will have that next person/family lined up and ready to go, but sometimes it takes much longer and you need do renovations or at least some repairs.

Personally, I invest in properties in C-Class neighborhoods in my market (East Linden and Southern Hilltop), and they’ve been cash-flowing well so far.