Some of the potential risks are natural disasters (earthquakes obviously, and a few other fun ones), as well as the overall economic outlook for areas outside of Tokyo, and the aging population in the countryside.As always, detailed local knowledge, or a trusted partner on the ground, is key.

If it makes you feel better, replace the 8% number with whatever %-age return you would feel comfortable with.

From the photos, you can also determine the style and age of the windows which also tells a lot of the story.

The foreclosure and bankruptcy showed up in search of court dockets (the service I use does not give those, so I always do that myself along with certain other searches and verifications).Discovering a prior eviction is always the easiest way to automatically decline the applicant (my written criteria do say no prior evictions), and I like to send a rejection letter that leaves little reason for them to try to come back with anything.

He did have a couple of students recently who found a 1.1 million REO facility and purchased it for $565K.The age old problem of finding good REO contacts exists in SFHs and MFHs as well.

What is the median income of the area, average age of people, etc.?

Verification of Funds?

It's much easier to do for businesses vs. individuals which is why we've been asking if there was business information we could use for verification.

When doing property updates, my "All Star Tenants" get first priority for improvements to their units.My "All Star Tenants" also are rewarded with things such as complimentary professional carpet cleaning of their traffic areas, opportunity to paint a wall or room a different color or another enhancement to their unitIt doesn't matter whether you are age five, fifteen, thirty, or sixty.... seems everyone likes to get a star!

With every call there are requirements that must be meet, such as identifying yourself (the collector) yet not providing debt specifics without a proper verification.