The big thing is to get started with a good, quality property.

I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.I think that's a lot of horse waste!

How's the cashflow going so far?

Man, thats awesome, I would love to start buying at PreForeclosures, how did you find the lender?

The credit committee is usually made up of local people who are familiar with the market they are in.

The overall inventory is higher due to the season.

He give the good, the bad, and the ugly.

Glad to have you on the forum, Elwin! 

The man selling said he knows he will lose money on the deal as the property already appraised for $560,000 but would love to get a young investor like myself into the game since his son did not end up sticking with it.

I have to scroll down to find the original post, so I’m reading the responses before the actual post.