It may seem counter intuitive, but the basics of real estate mentioned above are actually MUCH more important for long term success than the knowledge of any one technique or strategy. 

I view my primary as my long-term home, 3 young kids with a good school system, so this is where we are settled.

Does your friend want to rent out the rooms long-term?

I am d4d looking for distressed properties and would like a better understanding of many ways to structure a deal to benefit so the both of us to make a win win in the deal. 

Would love to connect with you and hear more about your current investment and what you are thinking in terms of your next one!

A lot of that has to do with Schools And other Social benefits and concerns. 

Then I explain my process in brief and simple terms: background check, lease agreement, collect deposits and ask if they'd like to proceed.

So, I had to get the owner and tenant agree that it actually took place. 2) Meeting Tenants - I would say not needed, but certainly when their lease is up, you want to re-screen the using your screening criteria for income, background, etc... 3) Review the leases and understand expirations and lease renewal terms if any.

I initially planned to invest in Lancaster but was priced out and needed cashflow in the short term...What are your concerns?

If I do get any objections I tell them this, it's a huge benefit of going the sub-to route.