Here is what we know so far:Out of state land lord Has been for sale for more than 3 monthsAsking price 240kBuilt in 1981Each unit is 1050 sqft 3/2 with utility roomRent is $1050 (I have not seen the actual numbers this is what the real estate agent told us)Landlord is paying water and trash but don't have those numbers.Two units are currently leased Last roof: unknown AC and water heaters are currently working but do not know when they were last replaced.

Rinse and repeat every couple years and you'll have a nice portfolio in a short time.As they say for Tempe: it's landlocked, and they aren't making anymore land.

I think all you need is a title company to close your transactions - no don't need an account at this time - most title companies have lawyers to close your transactions -You should make sure that you buy real estate at a giant discount - Understand the management process - learn how to be a good landlord - a tenant is a customer - the tenant is the person who will pay for your mortgage - treat them well.Find discounted real estate from landlords who find themselves in rent court -Start to deal directly with owners - I don't think you should depend on agents selling retail properties - you need to go under-ground for great deals -Tax salesPublic AuctionsRun print ads and radio commercialsInternet - 5 weeks ago I created an internet site - I have received over 200 leads - have 70 offers out there and 15 ratified contracts - learn those systems and you will do well.Expired listings - go knock on some of those doors - an expired listing is  FAILURE of property to sell - I am sure the sellers are not happy - go find them and solve their problems.Direct mail to commercial properties owners - commercial buildings can be  great profit center - when you advertise for real estate - signs - internet or mailings always advertise - WANTED REAL ESTATE - houses - commercial and non-conforming properties - all cash -as is - no commission.

They get the email from smartmove requesting they pay for their own transunion report and send to landlord for review.

One thing I want to negotiate in the deal is a small concrete building used for storage that is owned by an adjacent land owner that the current owner knows they are willing to sell.

I own the land outright, and do have the funds for the construction.Would you leave the cash in your normal passive investments (mix of bond funds & stock market) and borrow for the construction, or pull the funds out of the investments and pay cash?

I started as a reluctant landlord with one rental home in Atlanta, Georgia about five years ago.

Insurance is some sort of "Landlord" policy - check with your agent.You'll also be on the hook for maintenance.  

You could do hardwood on the landing/hallway upstairs for continuity.Now, for the "selling point of the house," the stairway (one of my specialties).

Because I am still under lease with my land Lord.