In fact, I just originated a loan with a loan officer at the 4th bank in which we've originated loans together & now originate $8M loans with bankers who originated $80K loans for me when I started.

Most property owners that get into the start of foreclosure sell before it becomes REO...the internet makes it much easier for owners to sell instead of take the foreclosure route.

there's no better way to get started.  

Current total monthly rent is $2675.

Then look for software that solves those problems for you.When I first started managing, I needed software that could simplify accounting and track work orders.

@Blake Yarbrough why not have the individual loan you the down payment, secured by the property, at a rate that is more than he can make in the market or in a CD and calculate that amount into the total debt service.  

You can start to shop for lenders at anytime.

One of the benefits of new builds is that they tend to attract tenants who are looking for a fresh start and a place to settle down, which can help reduce the kind of headaches you’re dealing with now.If you’re ever considering expanding your portfolio or want to explore other opportunities in Indy, feel free to reach out.

I've been involved in the construction field for over 30 years and started my own construction company in 2008 when I also started flipping houses. 8 years ago I sold the construction company and began buying and holding long term rentals.

I'm the broker, developer, and run it from start to finish How did you finance this deal?