I would implement both a Non-Disclosure Agreement (NDA) and a Non-Circumvention Agreement.

--OFFER SPECIFICS Listing price = $230,000Potential Offer = $175,000Expected renovation costs = $60,000 (includes a small contingency buffer)ARV = $310,000 (this is a conservative estimate and could be closer to $325,000 or higher depending on  eventual rehab level)--INCOME 3 Bedrooms = $1,700/month 2 Bedrooms = $1,300/month (1) 2 Car Garage = $0 (This could rent for $150-250/month, but I wanted to be conservative and exclude it in case it is not rented out for the entire year).Minus vacancy (8.3%) = $250/monthGROSS INCOME = $2,750/month or $33,000/year--EXPENSES Taxes = $810/monthInsurance = $110/monthUtilities = $0 (I would be implementing RUBS for the non-metered utilities)Landscaping/Other = $85/month Capex (7.2%) = $200/month Repairs (7.2%) = $200/monthPM (8%) = $220/month (we will be self-managing)TOTAL EXPENSES = approx. $1,625/monthNOI = $1,125-- ORIGINAL MORTGAGE I understand some of you may be skeptical about these terms, but I have spoken to a particular portfolio lender who is willing to offer me these terms (original mortgage and refi)Finance Amount (75% LTV) = $131,250Down payment (25%) = $43,750Mortgage Payment (4.95% interest rate with 30-year amortization) = $701/monthClosing Costs: $0 (My offer will be contingent on a seller concession of 3% for closing fees)Holding Costs: $5,000 TOTAL CASH OUTLAY: $108,750NEW MORTGAGE (same bank: I have confirmed these terms)Finance Amount (70%) = $217,000 (based of ARV of $310,000)Down payment (30%) = $93,000Mortgage Payment = $1,080 (I can secure a 4.35% interest rate with a 30-year amortization if I pay 3 points at closing)Closing Costs:  $10,000NEW CASH OUTLAY: $118,750CASH OUT REFI: $85,750CASH LEFT IN THE DEAL: $33,000 (What does everyone think about this?

I recently obtained my Masters in Business Analytics and love implementing my skills to help find better properties.

He stated " We are here to assure to the tenants safety is being looked after by the landlords" Pass reputations of previous landlords who came through have left a sour taste on the cities mouth forcing them to take action and implement more strict measures.

These are good ideas that I am going to implement.

Cold calling has worked the best for my team just be sure to use a good CRM and remember to implement a system of following up with leads.

@Demetri Chase jr First check the regulations because I know Atlanta just implemented some pretty strict short/mid-term rental regulations.

I am about to close on my first two units and I want to start implementing great infrastructure as I scale up.  

One strategy you can try to implement if you are trying to find similar tenants is to target your marketing to locations where your specific target audience would be drawn too.

Hello BP,I'm looking to implement Rent by the rent-by-the-room strategy in the DFW area.