(Of course they would still have to go through my tenant screening criteria first.)

This post is one investor's techniques for building a quality out of state team; starting with how he qualifies Realtors and Property Managers, and determining if a PM will protect his interests.

If beds and baths are the same, and the two house will be comparable in quality and finish, and they're nearby, they're going to be much closer in price.

We have formed a network of licenced contractors that we have worked with over the past , that are all quality sub contractors.

Tenant screening, advertising, legal fees, maintenance, property management, etc.

I have set up a professional website for screening motivated sellers.

All of the homes from what I can tell which are foreclosed on in this area require 10-15K of rehab to make them retail quality.

If you pay a quality lawyer for your paperwork and are a diligent professional in setting up procedures and systems for doing business, then you can mitigate a lot of this risk yourself.General liability insurance: This helps cover the LLC if someone slips and cracks their head open on the sidewalk, gets hurt at work, etc.

I'd rather burn my houses down than to rent to any of the Section 8 applicants who have applied to rent from me.But maybe your Section 8 tenants are a better quality than the welfare cheats and dopers that we have around here.

Not too far off from Phelps (and a lot of them are much smaller).However, I was amazed at the quality of the food he was quoted as eating.