A big thing that will help you become successful is consistency and persistence. 2 Qualities I rarely see in younger people.

or is the legal area so grey, that its not on their radar screen at all?)

I've been doing a lot of searching and reading lately on the forums, and I have 2 concerns about the application/screening process.1) I had never even thought to have an application fee.

What to do with your Bandit Sign calls:I use my cell phone number, have a screening dialogue, limit of 9 minutes/call and Options for the situation I'm presented with.

If you did the right screening and found an investor friendly attorney who can do double closing, you got the deposit from the cash buyer before getting the property under contract, you should be alright.

As a starting point for screening absentee owners, I suggest these parameters:- 40% equity or more- at least 7 years ownership- 3-5 bedrooms (I'm assuming you're looking for SFH)- Not corporate or trustee owned A cool feature from Listsource is the ability to find properties based on geography.

I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.The loan package consists of a 6 month IO construction/rehab loan where they will loan me 75% of estimated ARV now, then refi into a 30 yr fixed when work is complete.The ARV is determined by the appraiser based on comps and based on a list of improvements that I intend to make.

She is inexperienced with investment properties, but I nonetheless chose to trust her over trusting someone of whom I no prior knowledge.For these reasons, I will continue to buy in Springfield until:1) the market of viable multi-families is tapped out (which shouldn't take long), or2) I learn enough to feel confident investing in other markets with the help of other professionals.I am very interested in hearing what advice you have to offer to a noob in my situation, getting recommendations of quality turn-key services providers in other markets, and in connecting with other people who can help me in Illinois (a finance person comes to mind first).Thanks, BP!

I have no problem with people selling educational material, if it is good quality material then it will help both the buyer and author make a living.

For one house (presumably in good condition, in a solid area, with good-quality tenants), are you sure you need to pay a PM for anything other than the initial tenant placement?