I have been pumped after reading, and watching a lot of podcasts about passive income potential, and rehabs too.Last week, I acquired two adjacent properties.  

What should I watch out for?

And we've yet to actively look for them - so I need to get this figured out, and soon.Thanks for any advice, tips or information about pitfalls to watch out for!

If interested I would also recommend that you watch my video.

You have to always assume there is that one neighbor who likes to play neighborhood watch and report people.

Watch some of the webinars as well.Let me know if I may help by setting you up on an MLS search.Good luck.Jane

I've been lurking on BP and watching the podcasts/seminars for a little while now and I am excited to get started in investing.I will try to keep this short and sweet...My mom owes $65,000 on her home (SFH 3/2), currently appraising for $120,000 as-is.Current mortgage payment is $500 a month with rents in  the area in the $1200 - $1350 RangeHome needs $35,000 - $40,000 in rehab (based on 3 estimates) .A similar home, okay finishes recently sold for between $160,000 - $185,000Unfortunately, my mom is disabled and isn't in a financial position to get the home repaired and wouldn't qualify for any type of loan due to credit issues as well.She's willing to sell me the home and willing to loan me the profits of the sale to kick off our investment portfolio. 

@William Givens, I forgot to mention that I watched a lot of videos in Youtube from this channel called "prep agent".

His lease from 3 years ago says 60 day notice but this lady would probably fall under the month to month statute which is 15 day notice.  

watch couple of YouTube videos on RMR-86 and sounds like a great product to address the issue.