.#5 Make Decisions Based on the NumbersYour real estate investing strategy should include the financial parameters by which you determine if a property is worth purchasing.Your strategy may include details about: Purchase price range.Investment cash needed for repairs and upgrades before leasing to tenants.Financing strategy for the short and long terms.Bargain purchase (the percent under fair market value a property must be purchased).Immediate value increase (the percent in increased value you expect after making initial repairs and upgrades).Geographic area.Net income.Cash flow.Net cap rate (annual net income/total value).When you find a potential investment property that fits within the guidelines of your real estate investment strategy, you can pull the trigger based on the numbers rather than emotions and personal preferences.#6 Don’t Buy from Unmotivated SellersMotivated sellers are usually willing to work with buyers, so focusing on finding motivated sellers can result in making great deals as a real estate investor.

Rent payments to be done using Cozy only.What lease agreement contains all of these clauses and perhaps even more items that I have missed.

More details means more people will be able to advise you.

From my research, it seems like it's probably pretty common in DFW area to have tenants do lawn-care, but I'd probably need to cover items like pest control, HVAC check-ups etc.Also I am seeing mortgage rates for investment properties ~ 5.75% to 6%.

@Kris Nicholson You should join TREIA, and (independently) feel free to attend tonight's Triangle Deal Maker Sessions (go to MeetUp for details).

I see a lot of people waste homeowners valuable time for potential resolutions because they are unaware of all the factors relating to the foreclosure and details of the debt associated with property. 

My ability to painstakingly investigate our potential tenants, really get into the details of involved criminal and credit histories, has been very useful for us as part of our business plan.

Here are the details.

@Megan Clancy or others, I am particularly interested in hearing what details people have included about dissolving a partnership/LLC.I am wondering about specifics of one partner buying out the others if they 'want out early'.

I already know that a clean nice lit storage area would be a great upgrade, and we plan on doing that to the basement, after we paint over the graffiti/etc  https://www.realtor.com/realestateandhomes-detail/...I appreciate it!