Those cheap areas look good on paper until realize how high turnover costs truly are.

Sometimes you can talk directly to the owners.Use the Internet - Websites can show you houses that are being sold because the owners couldn't pay their bills or are in other kinds of trouble.Check Public Records - Look at official papers to see if a property owner is behind on taxes or other bills, which could mean they need to sell fast.Study the Market - Learn about how much houses in that area usually sell for and how much you could sell it for after you fix it up.Be Careful - Make sure you investigate the property fully to see if there are any legal problems or money owed on it.By using these steps together, you can find properties that might be a good investment because they need work or are being sold at a lower price than usual.Kind regards,

Since I have begun researching (kind of obsessively) all my social media feeds have been filled with these things you are describing (paper flips, slow flips, subtos, etc).

When you do your financial due diligence, you look at the property's financial records, leases, contracts, and other related papers.

How long from the time of application and until getting the funds.Me and my delinquent tenant filled out the paper work May 9th right before closing of the program and it still says ready for review.I am in eviction court as we speak and just got done with the 28day ERP BS and to be honest if I had to do it all over again I would have filed earlier and used a lawyer.

Additionally, you must send a copy of the 1099-NEC form to the IRS, typically by January 31 if filing electronically or by February 28 if filing by paper.3. 

I emailed her and left her a VM.My question to BP is would section 8 continue paying while the tenant is at the house, or they will stop paying if I submit the eviction papers or submit “Good Cause to terminate the lease"?

The judgment will most likely be worth as much as the paper its printed on and all you will have to show for it is a legal bill you will be paying your attorney.

Long-term rental and a short-term rental are two completely different business/investments.You should understand what each requires and see if you are comfortable with them.Short-term rentals, on paper, generate more income but require more work.

There are a lot of hungry rookies out there that will collect a "Broker fee" or have you pay for a LOI (letter of Intent) and it's nothing but a piece of paper.