We love that it has a "country vibe" with a more rural feel, but also has the potential for a population boom in the coming years with improvements coming to the town.

New here, but have been reading the forums for several months as I consider real estate investing, but am having a hard time convincing my spouse the potential "hassle" of a poor tenant is worth the benefits.Our situation includes both of us working full time w-2 jobs and our primary goal is to assist in reducing annual tax burdens. 

Personal referrals might point you in the direction of knowledgeable agents who are aware of investors' needs.Once you have a list of potential agents, interview them to ensure they align with your investment goals.

I'll second that you want to make sure you keep a record of receipts and expenses (even potentially your time) for getting the property up and running as an investment.

I have a call with a potential wholesaler tomorrow and I want to know what questions I should ask to vet him and other wholesalers to make sure they are high-quality wholesalers. 

Depending on your needs, I can potentially connect you with my underwriter who I pay for the detailed UW.    

It can be better to often estimate repairs or replacements on the high end and get a credit so you can choose materials and quality used and potentially pocket any unused difference.   

@Aakshay Subramaniam First, you want to look for areas with high demand for rental properties and strong potential for appreciation.

It is my understanding that if you enter into the lease knowing of the foreclosure and placing a tenant anyway, then the lease is essentially deemed invalid as you and the tenant knew that it was a matter of time before they were evicted.Also there is an assignment of rents in residential mortgages as well, and doing this may open you up to a lawsuit by the mortgage holder since you essentially stole potential rent from them.And finally if the plan is actually to buy an HOA lien and wait until a foreclosure, I think that falls under unethical practices and would never do that, or encourage anyone else to either.

When I calculate an offer on a property, I typically look at the potential rental income and subtract from that all operating expenses such as taxes, insurance, management and maintenance.