Its a Turn Key with Tenant in place.

As you're building your credit, you'll need a team and essentially it starts with a few key folks: (1) attorney who is focused on real estate (2) property manager.

We were overseas and coulnd’t buy in the US directly,  so we bought newer turn key properties rather than fixers.  

I put the few questions in parentheses.Thank you, Tony Plan:1)Find buyers and make a buyers list--Market your wholesaling business---Using bandit signs "I sell houses dirt cheap"---Business cards---Internet2)Find a lawyer that can help make a contract with a due diligence clause and option agreement3)Find my target area where I will do my house searching--Using the Central Appraisal District4)Find distressed properties--Tall grass--Piled up mail--Boarded up windows--Take a pen & paper, take notes and pictures of the property5)Create an excel spreadsheet of the property--Owner-occupied?

I plan to file a complaint with the license board Monday and file a claim against his bond.

I put the few questions in parentheses.Thank you,TonyPlan:possibly start out with small, unimproved/vanant land1)Find buyers and make a buyers list--Market your wholesaling business---Using bandit signs "I sell houses dirt cheap"---Business cards---Internet---Real estate meet-ups2)Find a lawyer that can help make a contract--due diligence clause--option agreement--allow both parties to know who you are representing to avoid legal disputes (buyer & seller)3)Find my target area where I will do my house searching--Using the County Appraisal District4)Find distressed properties--Tall grass--Piled up mail--Boarded up windows--Take a pen & paper, take notes and pictures of the property5)Create an excel spreadsheet of the property--Owner-occupied?

Do local doctors and senior centers have bulletin boards that you can put flyers on? 

*search this site using key word "house hack"5-why wouldn't you pull the equity from your house ( or leverage your house) and just by a rental property(paid off in 15 yrs by tenants, building equity for further acquisitions, future appreciation AND sale ) where the numbers will give you a specific profit, and you can retain your anonymity and personal space as a LL?

Get with your attorney and make sure that the foreclosing lender is on-board.

There are horror stories on these boards every day from newbies who hired a PM out of the gates and don't know what it's like to be a landlord, so they don't know what to expect out of a PM.