Also, make sure your tenants are not blocking the heat registers and cold air returns, or it will likely trip the safety and you will be getting the 2 a.m. call.We made sure our leases address the tenant responsibility in this regard after purchasing a new property and learning the hard way.

Be mentally and financially prepared for speed bumps, road blocks, riots, fires, eathquakes and floods.

I came across this site and it looked like a great place to find like minded individuals.

If a couple were to invest together, their ownership was over the 20-25%, so they decided that they would come in individually, coming in below the ownership limit.

Probably very similar to what Jerry suggests as a post nuptial agreement.We have individual and joint assets, sometimes invest funds individually, sometimes jointly.

Bottom up is incrementally building your business through adding building blocks over time.Pick something simple and make it work.

When we are showing an occupied properties we book a few blocks of time with the current tenants a week (say: Saturday afternoon between 13:00 & 16:00; Wednesday evening from 18:00 - 20:00).

If you're ever up in my neck of the woods give me a shout always interested in networking with other like-minded individuals.

(right now planning on buy and hold though) Also a block away is a condo complex renting 2 bedroom one baths for 1000 plus 275 a month for HOA.

If your a buy and hold investor, are you planning on putting the properties into one persons name and getting traditional (30 year) financing (traditional mortgages are for individuals, not LLC's) An umbrella policy for a few million is a cheap way to take care of liability, and even if you have it in a series of LLC's and your 5 entities from it, if your involved in the rehab, and someone gets hurt because of neglect or something you should have know, you liable...and if your managing a rental and something goes wrong, your just as liable.