The way to avoid one is to have rock solid screening standards.

I know other turnkey providers offer this in various markets, so maybe one in KC if you don't want to be the one controlling the hammer-swingers, but I don't know any outside of the Philly and Baltimore with a proven track record.That option aside...KC is a great market and sounds like you are rocking things out so far!

Question for Quad City area (Bettendorf, Davenport, Rock Island, Moline) investors - do you believe good deals can be found on the MLS and/or FSBO for a single family rental?

Check out KC, cleveland, Milwaukee, Memphis , Little Rock, and definitely NYC (okay that’s a joke, but you get the point)

A few local flippers (and listing agents that list flips) put my fliers for this out at open houses, and counter all FHA offers with "must get preapproved w/ Chris Mason for conventional financing" (unless of course the highest and best offer is already conventional, in which case this is unnecessary for sellers/listing agents and would serve no purpose).FNMA does not do rock bottom FICO scores and marginal DTIs like FHA will, so of the 10 FHA offers you get, you may be reduced to 3 or 5 still qualified offers.

if you're forced to take his deal or nothing, then walk. if you're feeling some kind of social pressure to take a deal you don't want for ANY reason but especially if you think he will only help you because he's making money on you, WALKsounds like you just don't want to rock the boat which I understand, but that's a bad habit to get into.

A paint job, 500 bucks worth of fake rock veneer and some new cedar shutters I built myself. 

You guys rock!

My long-term plan is to collect this money, bank it and use it to renovate each unit one at a time slowly (as to not rock the boat with the current 2 tenants) Eventually in resulting in a building worthy of charging some premium rent prices for the area. 

Hello I’m Christopher and I’m a new investor looking for referrals for good property management that work in the Tampa, FL area