The most important parts of this business strategy are 1) Buying rent-ready homes in areas that will continuously filter in high quality tenants with little to no vacancy rate, 2) Having exceptional performance from property manager and, 3) Each home meet the standards set in place for purchaseIf anyone out there is interested in becoming a mentor and collegue of mine I'd reall appreciate it.

And I would tell them exactly what you are looking for and not beat around the bush.When they set up an email alert for you on the MLS, they can set it up to filter listings however you want.

There was no water damage from the outside elements.This is a short sale home, asking 229,000.

I just didn't want to get into any hot water at closing.

he said insurance is roughly 700 each yearly. he said tenants pay all expenses and pay extra for their electricity and water and stuff. what else am i missing?

There was no water damage from the outside elements.This is a short sale home, asking 229,000.

You might get at least an idea on how much life the roof has left in it, and how old your water heater is, HVAc, heating system, etc and figure out a number to set aside for replacing those someday. 

There was no water damage from the outside elements.This is a short sale home, asking 229,000.

During the inspection we noticed some water seepage in the basement. 

Yes you need to budget for it even if you are doing it yourself.Is it near the water?