I have been updating many of the homes as I turn tenants and that keeps the rents and tenant quality high.

We can get quality for 8 to 9 caps with the debt in the 4's gives off great COC not found in single tenant net lease right now.

I would never invest the same quality of material in a rental that I would in a fix and flip (another money saver)… The potential to make several hundred dollars per door is this way is higher whereas many investors just look for 100-200/month/door.

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

It's funny how 9 un-taped wire nuts can tell you a lot about the quality of the work done in a large building.  

Quality control With the fixed food contracts the larger guys are guaranteed a certain food cost rate regardless of market conditions.

It's also not a business for people with little to no capital.Maintenance and watching your expenses are a part of the game.Successful landlords have systems in place to deal with problems that come up and they SCREEN tough as your tenant is essentially your business partner.Another thing, you make your money when you buy correctly... applies even to landlording... certain areas and price points will attract certain tenant quality.

Hey JasonI completely agree with Eric that each buyer will have their own requirements, but overall it will be about being able to bring a quality deal that will matter the most.

Obviously both play a roe, but I have some money to invest and am having trouble getting started.I think it's more an issue of too much information and knowing what to look for and what the right measures of a quality investment property are.I'm in the Dallas / Fort Worth area.

from my experience if your near a military base and you can find a nice forecloser thats a good location to rent..new people moving in all the time always looking for rentals, you'd never hurt for quality tenants.