More Stringent Lending Conditions: Some traditional commercial lenders, specifically local and regional banks, have been pulling back and tightening their lendingCONCLUSION: Asset prices are under pressure as required refinances over the next 18 months push owners to accept less favorable terms or give up equity to private real estate lendors3.

The property required extensive interior and exterior renovations to reach rent-ready condition.

Require a higher security deposit. 6.

Always maintain a reserve in case you have a vacancy, surprise maintenance, etc.I would start with some basic education, watching podcasts, and then networking with investors in your area.

Just requiring proof of identity will stop many of these scammers in their tracks. 

Financial freedom requires maintaining your current lifestyle for the rest of your life.

@Derek Morrison each state and locality can have different crazy requirements; we’ve had rentals in several states and I just spend time researching required disclosures, inspections, landlord tenant laws for each.

They usually handle finding tenants, collecting rent, maintenance, and posting notices/evictions.

Most properties take a few years to appreciate and cash flow well.Replacing a $60,000 annual salary would require around 50 rental units, assuming $200/month net cash flow per unit after all expenses if self-managing.

In addition, hiring qualified personnel for maintenance/office is a challenge and maintenance/repair costs are also higher when compared to Texas.