Like all aspects of investing, the most important step is to do your research on the home and tenant.Review their original applications to ensure the current residents meet all qualifications.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Good luck!

Investment Info:Single-family residence fix & flip investment.

Later, I emailed them asking if they could improve how they match credit card payments and not only did they agree that it was a good suggestion...they implemented it THE SAME DAY that I emailed.

Investment Info:Single-family residence buy & hold investment.

Anybody know of a GOOD mentor that can help with my overall growth in becoming a real estate investor.

I think she actually had a really good idea.she believes that providing gift baskets for first time tenants that include general house warming gifts, cleaning supplies,maybe a recipe book  and even a small book or brochure of how to care of  a house would be a great start to a relationship/good tenant.the goal of this would be to obviously motivate your tenant to take care of your property, keep it clean, and to create a level of respect between both parties right off the bat. that means (rent on time, communication, a good experience from beginning to end.)im interested in hearing your thoughts about this and if any of you are or have already tried it?

If you want to connect with my agent there, she may have some resources for you for different money.Yes it sure is a hot market,  I have confidence I can get a nice out value and yes I do have some good tradespeople on call, but brand new to navigating lenders (do they need to be local?)

Getting a Heloc or Heloan secured against your primary residence is going to be extremely difficult without income/ability to repay.