The fact that we are required to keep the current tenants (they are part of the deal), because they have a lease, and that we did not have any input in the tenant screening, should afford us the ability to at least speak with them during the process.

Having your license and the ability to do either allows 10x the opportunity to earn income.I am forever lost on why people believe wholesaling is the best place to start in real estate, sometimes it is.

Continuing to make such wise decisions starting from such an early age is really going to pay off for you.Account Closed If you have the ability to save money, it's likely going to be beneficial to add funds to some type of tax-advantaged account such as an IRA or 401k.

Would any of you send a letter to gain insight as to the tenant's ability or willingness to pay electronically, submit repair needs electronically, etc?

If the property is positive cash flow not only in its ability to cover its own mortgage, but to cover the difference in additional payment from your cash out refinance on your primary and then some it’s a win win.

If that doesn't cover it, send them a bill. 

Guns, Germs & Steel by Jared Diamond (not a business book but the scope of the book changed the way I looked at the world and improved by ability to process information), 3.

So settling for a mediocre deal just to make it work may limit your ability to buy a good deal later due to lack of funds.

By that I mean search rental advertisements in your area figure out who the players are then dive into the companies and call them up seeing if they have any abilities. 

I also love how passive out of state investing is and having the ability to invest in a landlord friendly state, even though I don'tlive in one!