In the interest of fair play, here are a couple of companies that offer online rent collection services, one of which is mine, but you should pick the one that best fits your goals: ClearNow -- just electronic checks, but simple and easy to set up RentingYourHome.com -- electronic checks, AMEX, VISA, MC, PayPal, has more features Payment Services Network (PSN) -- excellent product, but complex for a small landlord to set up; must be underwritten during process PayRent -- electronic check, AMEX, VISA, MC, PaypalIt's better for you the landlord to accept credit cards b/c you never deal with default (VISA chases bounced checks, not you), and they fund faster than checks.

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They prey on those ill informed beginners trying to make it sound like its easy, guaranteed etc.

I don't want to defend myself in a lawsuit because a newbie agent saw some quick, easy profit and "cut a corner" he shouldn't have.Just my opinion.all cash

We're glad you joined us and look forward to hearing your success story soon.It's not easy and every step requires wisdom, humility, and some dang good ideas. 2-3 could be nothing with the right properties and the right strategies.

He's easy to talk to and will gladly answer any questions you may have.

If you have the funds available then it is pretty easy to just purchase the REO and then resell it to another buyer via a new HUD-1.

The first few deals can be so crucial to your success as an investor and I'm glad you're planning this out so well.To your question: I would say this isn't going to be an easy thing to decide until you get to the point where you are looking at duplexes and know how much it's going to cost you to get into one and also how well it will cash flow.

It's a matter of finding a sponsoring broker willing to allow you to work your own schedule....which should be easy.

I own a rental in a historic district and they are fairly easy to get along with.