The trust then hires our management company to act as landlord and deal with tenants.Yes, tenants do have a right to know that their landlord is legitimate and that they are authorized to manage the property.But, that's it.It's all fun and games until an armed, pissed-off tenant shows up at the doorstep of your personal residence...

They talk your ear off about property given half an opportunity.

You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.

off market single family with good zoning How did you finance this deal?

I am trying to see if a home has an exterior shut off for electrical --- this is all I found.

off market. self-representedd How did you finance this deal?

Few things off top of my head are: - Reviewing existing lease agreements          - Rent roll           - Tenant payment history, on-time payments?         

Hi David thanks for getting back to me, its funny you mentioned kindskiptracing.com i came across them in the past few days... they seem to have some really good deals on skip tracing leads, especially for someone just starting off (pay as you go).

If you purchase a property, many of the costs on the closing statement are added to your basis.There may be some items that are eligible for an immediate write off such as pro-rated taxes, interest, insurance and hoa dues.

As a local investor and local Realtor, we run across off-market properties often and can help determine a fair price by providing an ARV (after repair value), and introducing you to some local contractors in the area.By the way, Lawrence has a local investor meetup every 2nd Wednesday of the month and Topeka has one on the 4th Wednesdays.