Have you found someone to help you with your search to ensure you get the best deal?

This is our preference as we are able to vet the applicants to meet our standards and do not have to be concerned with the owner stuffing just anyone into a unit to ensure it is not vacant at Close.  

If you are only comfortable rolling your HELOC into buying new properties outright, then you just want to be sure you run the numbers thoroughly and ensure that the cash flow/returns on the property you buy outweigh what you are paying for that HELOC.

So I advise you request an application, run credit and treat them like any other perspective tenant to ensure they qualify and you want them as a tenant.  

However, if you're ok with self inputting data then you could put an excel document on google or Microsoft cloud for free and train the renters to update the spreadsheet themselves but ensure you keep a master spreadsheet.

Brandon,Yes, we do everything humanly possible to ensure we get good tenants.

I don't do section 8 for the above reason.I have a genetic defect in my brain that makes me angry every time i see these lowlifes who won't work in the store buying $12 lb steaks with food stamp cards.I live in a small town & we have 4th generation welfare families living in some of the housing projects.You guys don't even want to get me started on my beliefs on the new govt program idea i have called "Work or Starve"

I really want to utilize a PM for many reasons, however need to ensure that the property can perform for me as well.

Which is another reason we say that money is made "when you buy," not when you rehab or sell.That said, to maximize your appraisal, ensure that the property is in at least as good of condition as the competition, no major defects, passes basic inspection, etc.

Hi Thomas Bernard You need local representation-Realtor, Real Estate Attorney or closing agent) Never ever send money directly to anyone for a purchase, don't even send a deposit until you secure an attorney or closing agent to work for you on your behalf to ensure that you are protected.