Of course, to maintain your reputation for future business, you need to do everything reasonably possible to make sure this is a successful investment, such as performing a quality rehab, placing a good tenant, and staying in stable neighborhoods that are attractive to good tenants.2) Sell your rental property to a passive investor at a reasonable markup, where you then lease it back from them at a somewhat below market rate.

Long term goals are to wholesale and give my family the quality of life they deserve.scott

You use the cash method of accounting.

I go after probate deals, FSBO, I get a ton of referrals, I grab them from investors that do not know what to to do with the deal they were offered, etc....10 years ago, I used to go after MLS properties, but I have switched to a better method for me.

If you are hoping to keep the locks to be rekeyed, chances are they are not that great of quality of locks (most are not unless you spend >$200)and can be eazily picked.

Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.

The books are good for motivation (rah rah) and extremely thin on actual principles and methods to follow through on the hype.

Once you close on a property you will have to find QUALITY tenants.

I see that it's full of great information and people with the same quality.

Next find a quality INVESTMENT Realtor.