This involves research, networking and gathering local knowledge.

So this guy advertises his "7 day sale" system; you can listen to 1.5 hour audio here:http://7daysaleguy.com/replay.htmlThe idea is simple:1) Get a quality property under contract.

Jay,I recommend finding an accountant who specializes in real estate taxation over one that is local. 

We will usually comp cleaning fee or give gift cards to local restaurant to comp any legitimate issues.

. , the other thing I often do when I'm starting to evaluate a new market, I subscribe to the local newspaper or the local business journal and doesn't cost that much, usually $5 to $10 a month.

While the acquisition was being processed, I ran an ad advertising a $75,000 home for $60,000 and no money down.

Find and join a local REI or land lord Association and attend meetings to get local perspectives on markets, LL/tenant laws and experiences etc.Hang out here and search threads that may be relevant to you and your desires/needs.Decide on your objectives from investing, taking into account your resources from financial and time perspectives.

Hi Victor, You should talk to a local lender about a bank statement loan program.

They should be able to point you in the direction of someone local and have an idea of what the cost is.

I'm not sure if I am going to start local (since the market is so high here) or if I am going to go OOS.