Once you master that focus and have a system in place, then move on to the next.

I will be occupying the master but would receive a bunch of income from the other 4 rooms.  

Master Lease option that follows the  declining principal balance- If your seller knows that his property is only worth what he owes then you could master lease option the house with a strike price on the option that follows the principal balance that is getting paid down each month through the rent.4.

Then once you've mastered that you can move out to other areas.

You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I like tax masters.  

Framing: Frame new walls for master bath, new walls for master closet, close in pass-throughat master bedroom, frame new walls for 2 bedroom closets at left side, door opening for rearleft bedroom, frame in pass-through at kitchenElectrical: replace all outlets and switches and cover plates.

Hello All,I am researching Master Lease Options because I think I might have a situation in which this strategy would work.

It's 140 acres of mostly wooded rolling hills, two ponds (one spring fed), miles of trails, 1 Cabin  (1016 sqft, 2 Floors, 1 master bedroom loft, 1 bath), 1 Large 2 bay garage with carport, 450 sqft loft space with 1 bath and 3 queen size beds, in ground 20'x40' pool, 6 person hot tub and lake easement.

We use a master key system for our rentals, so having a tenant change a lock would definitely be a problem for me.