Cautious by nature, I am trying to ease myself into real estate.

Even though I am a newbie within the industry I am quickly developing a natural ability to research potential residential properties and providing a very detailed summary as it relates to the profit potential, risks and legal aspects of any property of interest.

I would call a few PMs and ask them if it would be difficult to rent out a house of that nature.  

Most banks cost of funds are generally short term in nature (checking accounts, savings, cds, etc) and therefore the don't want to match long term assets with short term liabilities.

The path you take depends on your financial circumstances and your natural strengths.

I know it's not cut and dry, and definitely depends on the nature of the problems.I would think a water line break or sewage backup would warrant an immediate response?

I dont know what are exactly the procedure in Tennessee but here in Florida you will probably use a title agency which would handle the closing, title search, title insurance  etc.   

Possible main drain pipe replacement and new natural gas heater needed. 

While it is fresh in your mind, sit down and write procedures for how you would do tenant screening next time.  

I found an abandoned property while "driving for dollars" and after some research I found out that it's owned/in an estate because the owner must have died. After more research I believe I've found a landline phone nu...