Great to see others in my relative area with similar interests.This site is pretty incredible and all the folks here are friendly and competent.

Mike, from what I know about Buffalo, I think one of your biggest concerns, (besides simply learning how to buy and manage rental property) is going to be having competent boots on the ground.

Of course we can't all be CEOs any more than we can be NBA players.

I currently live in a 4-unit in Riverview so let me know if you have any questions about this strategy.Inventory is very low in the Twin Cities and surrounding suburbs so you might have to compete with multiple offers on good properties or get creative to find deals.

You are no longer competing on price, but instead competing on marketing ability.

It's helpful when you're competing against other investors, but not very useful when trying to get an asset manager to accept a low offer.

These two groups are where you will learn the language and be able to meet the players in your industry.

Competence is what they need to see.I remember my very first mortgage I made, the borrower had been turned down so the Realtor was hoping to have a deal.

Also, joining the local landlords association is a great way to find the real players in your area.To your success!

If you don't have POF or a strong preapproval, no competent agent would let their seller accept your offer, at any price, and no bank will even process the paper work if the buyer doesn't have it.