I then did the rehab myself, working nearly every day in January, including weekends to get the property ready to rent.I use the term rehab fairly loosely in this case, because the rehab consisted of interior paint throughout, new carpet, fixing some plaster walls, new appliances, some minor DIY plumbing and electrical, and basica cleaning.

If they call you first (say...after they get a letter or see a sign) then all is fair.

Although if this is your first property and you don't have extremely strong credit you may be required to have a down payment.I'm fairly new to investing, and am looking to purchase a third property.

Some of this is so that we can make taxes more "fair" and some of it is incentive to encourage people to make certain choices (get married, have kids, own a business, etc.).

However, I have had people make very fair proposals and have often accepted.

If you come to the usa you speak english to communicate.

I have a fairly simple question for the landlords out there.

I am fairly new at the the whole investing game but the owner of the development firm took me under their wing and decided to walk me through the process.

I also am fairly new to the area and do not know any "trusted" realtors that you had mentioned I should have check out the house and advise what they would list it for.

I noticed that Mike does a fair amount of book promoting on the forum.