We screen guests thoroughly so we’ve been lucky in that regard.

Im putting together a business model to pitch to an small investor for a relatively small amount of cash to front the money to conduct a thorough wholesaling campaign after i take the bar exam in July.

Don't discard those, just be extremely thorough.

Of course a thorough inspection on structure will be ordered before proceedingEdward: "$2k for repair and maintenance is not real for 7 units.

Real Estate is an expensive investment, and it's important to research thoroughly before making any big decisions.

This is definitely my most successful forum post in terms of generating good discussion.The summary of this update is that, after more thorough analysis, I think this deal will cash flow enough to be worth it.

All successful real estate investors know that two of the MOST important factors are 1) thorough due diligence, and 2) good property management--with OOS investing, you're putting both of those things in the hands of other people.I'd definitely suggest reviewing the forums for posts from beginning investors who buy OOS...it seems like every few days we hear from a new investor on the forums who tried OOS investing and got themselves into a really bad situation.

If they don't want to sign, you are so much better of serving them notice in accordance with state law- probably 30 days, get rid of them and screen (thoroughly) your own, new tenants and have them sign your lease with the terms you choose. best of luck!

Then you ask each one tons of questions and you're able to get a feel for their knowledge and their professionalism, and you get a more thorough understanding of the problem.

Lastly, west of Newport there are a few larger residential properties coming up which can bring up the areas in the next 3-5 years.I follow all of Hudson county and to start I think you should go to trulia and get a thorough understanding of the market trends in the area.