It seems like a bigger commitment than some places, however I would hope that would allow me to learn a thing or two prior. 

You can find all kinds of contracts online, but any seasoned investor (and real estate agent) would strongly encourage you to have it reviewed by an attorney prior to use.Oftentimes, off the shelve documents work fine... until something goes wrong and then all bets are off.

Multiply that by 3-6 projects going on at once, and that's hundreds of transactions per month.Btw, here's a new construction project I tried to document down to every receipt...I stopped entering each transaction about six weeks before I finished writing checks (it just got too cumbersome), but this should give you an idea of the volume of transactions on a typical project (and this one was actually pretty low compared to some other projects):http://www.thescottpad.com/expenses-to-date/

But of course continue with your remaining due diligence by talking to the prior landlords and employers is a must.

@Jonathan RamosYou will need to collect data on comparable properties to see how much ptoperty can be sold for.

Also be aware that most immigrants (adult immigrants at least) will have a much lower score than a comparable citizen due to a much shorter than average credit history. 

Janine,I'll sure look into the umbrella policy for landlords if I have to rent out any of my properties prior to forming a legal entity. 

@Marcel PeanOne thing to be careful of is that the comps are actually comparable. 

I am a HUD listing agent and had bought numerous HUD homes prior to becoming a HUD listing agent.

Your first mistake.Second, write into all future lease agreements that "Tenant agrees to be responsible for all pest control" and prior to them moving in make sure it is absolutely clean and free of pests.