I have had some clients go further out, but if they're too far you'll not be happy when the toilets need fixing, or driving for 2 hours to show it to a prospective tenant.Manage your own properties until you have at least 10 properties, then maybe consider hiring a property manager.

This seems to be a case where being an investor serves the prospective tenant best.

Today I got my first serious offer and I'd like to get y'alls' opinion on it since it's a little unusual.The prospective buyer is offering $85k which is a good price.

I get calls daily from prospective buyers on my REO properties.

One thing to watch out for pre-rental: prospective tenants that complain about previous LL.

I'd say this regarding Joe and Robert's comments... as it relates to my company policy and collection management function, which is more or less summed up in our business policies and resolutions: As a business practice, there is no reason to give our banking account information to a tenant, prospect, or vendor.

If a prospect tenant lies about a prev eviction and it shows on credit report, I disqualify....but it it's disclosed initially and they've reestablished rental/work history, I consider...

My idea is that you hit a prospect early pretty hard especially more targeted lists like inheritance or vacant vs a broad list like low equity home owners.

I take the tenant to see properties for sale and they pick the property that they want to rent.You may ask "Why doesn't the prospect just buy the house themselves and cut out the middle man (me)?"

I just have to get my prospective deal pipeline going and start a buyers list.