In our current situation we are saving 4-6k a month and look to boost that to 5-7k a month in order to acquire more properties.The end goal is to be able to live off the passive income in 8 years.

I am also considering to go to Home Depot or Lows to get familiar with costs of material by myself and also get contacts of various contractors or handymans from my area so that I can just quick give them a call later and find out potential cost by discribing situations.

Here is the situation - I purchased a home in Indianapolis and the seller claimed the rent was $650.

I think we may have found the right situation for us with wells fargo.

Although his advice is for finding a team in distant, far-off lands, his advice will work great for your local situation.

Every lease I have ever seen has a clause that prohibits subleasing, and it seems like that is a situation whwere the landlord would be at risk, so how do you get them to agree to that?

We have been investing in that area for the last 7 years and I have talked to a lot of UNT student that live even in the Corinth, Lake Dallas, Cross Roads, Little Elm area.UNT housing authority (can't reca the dept name at the moment) is actually on record as renting out local private housing to supplement its dorms...the net effect of that could be considered close to rent control...a situation that we originally considered but backed off after looking at the economic growth around the campus and true demographic we wanted to target.

Should this happen if you own several rental properties, you are better able to handle these situations.

So I inherited a squatter at closing.He was listed as “boyfriend” of previous tenant on lease I inherited from seller.Problem is that lease expired May 2018.The original tenant on the lease moved out on expiration of lease and i never met her.Now this boyfriend is late on rent.He’s technically not on lease.I’m planning to ask my agent to post a 3-day notice on Monday.But I’m not sure that even applies as technically he’s not my tenant as he never signed a lease.Has anyone dealt with this situation?

Every situation has to be evaluated on it's own merits.