@J Scott To be fair and be consistent with the nomenclature, I dont think we should refer to "hyped up fresh out of the seminar going to quit in 2 weeks anyways" people with the "I am looking to build a business wholesaling" people.

I think the part that intrigues me about this particular property is that it has a daylight basement, currently being used for storage.

Price is not really a consideration as being a storage of value.

We have the properties in our names and addresses, list our personal residences in the rental agreements, have tenants frequently bring rent to our front door, and are often spotted by tenants and friends in our smaller town.We got robbed shortly after starting our low income rental business, and I did wonder if there was a link at the time, but they found the thief living in a self storage unit, so he was even below our standards.

I use:Buildium.com (mgmt)Dropbox (storage/docs)Propertystick.com (property analysis)Landlordology.com (good blog)Craigslist (a must!)

It just depends on if you want to keep working the same list or plan on pulling a fresh list every 6 months or so.You say you are going after motivated sellers so I am assuming you mean absentee owners which really isn't a motivated seller list.

Hi Per,What type of properties have you bought the last 10 years.I can't really answer your question without knowing what type of asset class you are looking into for investments.For example considerations will have commonalties among asset classes (retail, office, SFR, land, industrial, multifamily, self - storage, etc.) but there will also be many unique attributes that are key to look at for each individual asset class.This is why using specialist depending on property types is essential to not overlook things to analyze and take into consideration.

Andrew, with the real estate license exam still fresh in my mind, I can confirm that in Texas you definitely don't need a permit or license to be a landlord.

Everything cleaned up well, we replaced the windows, added new stainless appliances, installed a new glass tile backsplash and fresh paint throughout along with new ceiling fans and VOILA, we got it rented effective 3/15 for $1295/mo which is without a doubt the very top end considering this unit only has 1 bedroom.

I totally agree - headache - @Dale GilesTake a break for day and come back to your lead( fresh start )