These deals were strong performers and I felt like they were my base.I had quite a bit of money remaining so I put some away and put some towards a 108 unit deal in Houston. 

I made contact, (I thought) with the correct person handling their non-performing assets.  

In order to reduce unforeseen repair costs, do you recommend the investor perform cosmetic and light repairs on the property.? 

I training lease option assignments I ask unlicensed folks that aren't licensed to go knock on doors and say that if the agent with the listing agent doesn't perform to think of them, the Rei operator, that's itProcuring cause is an issue, so getting a release from the broker of the agent is important 

We unloaded an under-performing rental property in the summer of 2014 to one of these hedge funds.  

The MLS will not only help you get immediate notice of houses for sale, it will more than likely give you sold info so you can get more accurate values.4.  

Have no idea what his screening process was like and other factors that may have affected his experience though.This is secondhand - not my personal experience - so the facts may not be 100% accurate, but something I would have never considered up here in the 'burbs :)

But the key is to managing it successfully and this is where most people lose their shirtLong story short, we slowly removing non performing tenant and move in good tenants.

You can't count on the seller making an accurate disclosure regarding expenses. 

During the feasibility period you will want to:1) Perform inspections of the property2) Get estoppel certificates from all the tenants3) Get all leases4) Get copies of all financial information, including copies of all expenses paid for at least the last year.5) Get rent roll6) Determine if a certificate of occupancy is required, and find out if the seller has one.Those are a few of the items you will want to see during the feasibility period.As far as the HVAC, if the unit was installed in the 80's, it's well past its useful life.