The tenant/landlord relationship need to be "handled" from the very begging.

@Aly - it's a function of where they're at (rougher neighborhoods) combined with the fact that property in Louisville is historically cheaper than most places I'm aware of.

If the landlord does not do this in 30 days, the tenant can sue the landlord for double the amount of anything that was improperly withheld.In other words - always look at your state statutes governing landlord-tenant relationships because there may be some surprises in there.

I have seen guys like you build relationships with owners by stopping and talking to them when they visit their properties.Knowing the neighborhood is one thing, analyzing that neighborhood and "really knowing" what is going on is what I was going to show you.

The fact that it is a cash deal doesn't matter one bit.Your relationship with the title company does.

Develop a relationship with a licensed realtor in your area.

Cultivate relationships with investors who appreciate and respect what you bring to the table.

This is where great relationships can help you tremendously.Btw, my sign company is the same way.

Thanks Jamie, The good thing that came out of this whole experience is it brought me closer to my relationship with the Lord which was not the case when i lived in Chicago as everything was comfortable and working out so well for me.Sometimes you just need to get rocked and humbled.

It's really not a trick, it's the old-fashioned necessity of having a partner, having your lender relationships set up in advance of finding the deals.