When you raise rents each year starting out at lower rents you tend to still be the best priced in town.Conversely the higher priced rents the property tends to be extra special, or a new build with amenities,etc.

I am preparing to buy my first Multi-Family Property in the Tampa Bay area.

Second , prepare to open your wallet , its spring and the home improvement market is hot , Everybody wants work done , and contractors are Busy in Maryland .

For the appraisal that is very different so be prepared for $1500-$5000 for that.

However I have been going through as much of the literature and beginners guides as possible in preparation of my first deal (analysis paralysis).

If the property is deeded in a way that title pass automatically to the widow, then the title company can most likely prepare the documents.If however the property is not titled in a way that title passes to the widow automatically, the widow may need to initiate probate proceedings for the deceased husband.

Mike, I do not think you need any special license to buy or sell notes, but as Chris mentioned, the servicer needs to be licensed in the state where the property is located.

Once you have decided on the type of investing  you want to specialize in I would suggest you research it so you have a high level knowledge of the moving parts of the investment class and know how to evaluate it.

We get only tought what our grandparents were taught:: prepare yourself to get a Job - A remnant of the past industrial age.Time is of the essence.

It’s not like you found a special deal that no one knows about.