Hi Folks - Thought I'd make this a sticky in the "New Member Introductions" Forum. First of all, welcome to BiggerPockets! You are in the right place if you are looking to learn, network, or begin taking deliberate ac...

While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).

I also read A LOT of books; do you write or have any recommendations? 

Verifying the use of the money and confirming in writing that it’s for a business purpose are integral parts of any private loan.

Each bank has a different website, so you may have to search for foreclosures using the search function on these sites.8.

For example, if you’re investing in residential properties on the southwest side of town, eliminate property managers focused on commercial properties or other areas.Research CandidatesSearch Engines: Be cautious—Google rankings often reflect marketing, not quality.Yelp Reviews: Read reviews critically; tenants, not property owners, typically write them.

Fees should be clearly stated in writing, easy to understand, and justifiable.

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

That wasn't true (and I had our exchange in writing) so thankfully that sorted itself out.

Again, thanks for taking the time to write down your experience and thoughts, I appreciate it!