Don't forget to familiarize yourself with local laws and regulations; hiring a local attorney can help navigate the legal aspects.

Like all aspects of investing, the most important step is to do your research on the home and tenant.Review their original applications to ensure the current residents meet all qualifications.

Those landlords had best take some time out to study the law.When a landlord implements standards which are designed to eliminate certain aspects of risk, such as minimum income levels and credit scores, and those standards are equally applied to all applicants it is not discrimination or illegal.

It's all about balance and attention to detail, from the big-ticket items like kitchens and bathrooms to the smaller aspects like layout and functionality.Your example from "Flip or Flop" is spot on—what works in one market doesn't necessarily translate to another, and understanding those nuances is key.

Tailor your message to hit them right in the sweet spot.

However, you need to learn about it specially the legal aspect behind it so you comply with the SEC but yes, it is possible you can buy properties without using your money.

They often have flexible terms tailored for investors.3.

They sell the investor aspects that make the home higher than regular market value in many cases :)   It is pathetic to see non vacation rental realtors butcher good listings. 

Here's a list of tools you can use to automate rent collection and other aspects of your business.

I've been a spectator in this community on and off for a while now.