Well, you don't give us certain key information.

An official looking letter delivered to each tenant " Notice of New Owner."

I also was a Mortgage Broker.The key is finding properties that are in decent shape and just need sweat equity and some cosmetics.

The key to renting to college students is having a meeting of the minds before they move in, lay down the law in a nice way, like a parent!

If not, I agree with J, having cash is important in REI and can make entering this business much easier and quicker, so reserves are key.

@Mike Hurney,To make the @ work, do the following:Hold down the shift key and type the @?

Some regions and properties a little more or a little less.That includes everything completely turn-key.

The last one I built was a 3300 sq foot center hall colonial with 9' first floor ceilings, a wood burning fireplace, 2x6 exterior wall construction & R-19 in the walls, all low-e glass...it cost me $106K delivered & set, on a new 31'x52' foundation that cost $25K.

You may want to lawyer up or offer cash for keys.

In order to get the keys to my place, you need to give me one full months rent plus the full security deposit.