Pay close attention to changes in your market and be prepared to make appropriate adjustments.Lesson #3: Know what you are trying to achieveI always knew that I was striving for financial independence which I define as the time when your passive income meets or exceeds your required expenses.

This starts with defining your market, then setting rental criteria, then doing thorough screening which includes doing background checks.The information I shared about Rental Criteria and Tenant Screening can be found by going to the blue bar at the top of this page... go to Resources... go to File Place... go to Other Documents.Here is an excerpt from our Rental Criteria regarding evictions:" Evictionor unlawful detainer action which has been resolved with full restitution maybe approved with additional security deposit. 

If I'm lucky and a deal gets closed quickly, that's a whole 'nother can of worms because now I have new marketing systems to implement, procedures to define and refine, and V.A.'

I converted a defined benefit pension plan to a  ROTH SDIRA in 2010.

They just generally go through the motions and find glaring issues (define "glaring", right?).

If off market and you didn't look up online how do you define distressed and available?

I also have a break lease clause that define the terms to break the lease* Is there a software available that is a "must have" for portfolio management?

@Jorge Rico - yeah Sunnyside is definately a C/D area but I see plenty of duplexes in that area and I see the same property holders (landlords) holding on to them for years.

The more you clearly define up front in terms of how you will compensate each other prevents blow-ups later. 

Danny Johnson a successful BP member and real estate investor, in his blog article, defines a warzone as areas where gangs, prostitutes, drug dealers, etc. are out of control (or in control – however you want to look at it).Respectfully, I think you are making a sweeping generalization saying anything in Indianapolis all in for less than $35k is in a war zone.