Having been through the patent process twice, my hat is off to anyone who could face that paperwork 21-times and still be smiling for more.When you say Rent-to-own, is it safe to presume you are working with a lease and separate option to purchase and have not tied the performance of one with the other?

Even their investors are graded based on criteria and performance track record.

Also if you're interested, I host a Meetup group of local BP members in Lakewood on the third Monday of the month.

What advice would you give to someone who lives in Silicon Valley in the Bay Area when it comes to performing market research and selecting zip codes to search for deals?

I know several guests on the podcast mentioned doing a 50/50 split, where they perform all of the legwork and the investor provides all of the money for the purchase and the rehabbing costs.

@Rob BelandFantastic points, and creating a relationship with my local lender was a priority prior to the acquisition of my first two rental townhomes (as well as working with them now on my third rental property currently under contract).  

Professional tenants...and by tenants, I mean termites.You performed an inspection and found nothing.

And you are limiting yourself the opportunity of savings and quality work by looking for someone who can do two trades in one company, if there are 30 demo contractors and 59 framing, you might only have 5 companies who can do both trades, and most probably they are a self-performing GC and have a GC license.

If we were to build, we would be self performing everything, no subs, all in-house employees (frankly, it's not that hard), financials might be a problem, it is not as strong to build a 1-2M project - gross receipts around 300-400k this year if I were to guess and 290k from march 2014-aug 2014 (our 2014 fiscal year), license and insurance is fine, experience??

Third, you could rent the place below your costs (subsidizing people) and some would still complain.