You also may want to look at a site called houseflippingworksheet.com for additional help on how estimate costs of rehab.

In addition to them having money they purchase property “AS IS”.

Should I offer one tenant a reduced rate to "manage" the complex?

hi from austin tx. so been hanging around here trying to figure out how i wanted to get started. well figured it out. i am selling my house, cashing it out, because i do not want to use it as a rental. bought another house that i will hack then turn it into a rental in a cpl years but in the mean time i am looking at additional properties in areas outside of austin even out of state.my goal is 10 properties before i retire, from my current job, in 6 years. i am looking especially in rural areas.

This also keeps you from having to go back to the utility to pay additional deposits or provide references - every time you lose a tenant!

Most people prefer it, and reduces noise considerably... plus it's cheaper.

And please include the following:-How much do you have to invest-Do you have additional equity partners-How are your personal financesJust to be honest, you're unlikely to be able to invest in the tri-state area, even in Suffolk County.

My intuition is for the sake of clarity, keeping people's attention, maximizing SEO results, and reducing liability that operating two separate companies and brands may be best.

In Texas, we have earnest money in addition to an option fee.  

In addition, is the property rented or not, is it Section 8 or Regular Tenant.