Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

If you didn't notice anything during the inspection process pre-closing, or just weren't looking for any smoke smells/damage, try to get over there ASAP to check for it (changing out the furnace filter is always an easy and valid business reason to stop by).All that being said, I can't stress enough the importance of getting off on the right foot with inherited tenants. 

Public has confidence in economy) and (4) OVER SUPPLY (Due to expansion, supply is now starting to exceed demand. 

Again, I am new to all of this but very dedicated to learn/be mentored to get my feet wet and build a portfolio over time.

It can go block by block, so having an intimate knowledge of neighborhoods is critical.The key is to not over pay in the more distressed neighborhoods, and to overfill, expecting to attract higher paying residents.Use this link for median income --> https://geomap.ffiec.gov/ffiecgeomap/Gino

Who does the tenant hand the keys over to when they move out?

It even spurned me to start my own group which expanded into 5 states, 6 cities, and over 8,000 members.

I've done it 3 times over 3 years and got 10 units for as little as 100K out of pocket on my end. 

@Angela Fondeuri started by renting out a condo that i used to live in, and i grew slowly from there.the reason that i say a cheap property isn't going to help move you forward is because you'll be spending money on it that could be saved for a house hack, and you won't cash flow, because interest rates are too high.i am making numbers up but say you need $40K to buy a property in the midwest in a good neighborhood. 

I was overly confident, and then the market changed.