@Taylor Rider,You'll want also learn about non-traditional lenders such as hard money and private lenders.Would help to get up to speed on self-directed retirement plans, also.David J Dachtera"Success is not a destination.

Personally,I would tell him to hit the bricks now.He sounds like a loser and nothing but trouble.Anyone who doesn't have enough money on day one is just destined to be a nightmare tenant.

It would be really unfortunate if they were simply on vacation, like a cruise or something only to come home to find the locks changed and the place rented to someone else. 

You give them a destination bank account2.

You don't need to buy a whole new book, but it might be a good idea to come to one of the seminars in your area to see what is new, or at least cruise through my blog posts (from my website, not the BP blog) to get up to date.

My husband is primarily self-employed but also is employed (sea-going employee) for a few months of the year working as an entertainer for the cruise industry.

Not everyone is destin to be a landlord.

From an economics & liveability standpoint we've been a very attractive destination for a lot of folks over the last 5+ years.

The cops might appreciate a call, but without a vehicle, plate or a concrete destination he's heading to, there's little that can come of it.

They don't all cruise out to a cushy 500k a year job at a law firm between collecting rent checks.You can't talk big before you have the means to do so.