It was a probate property and I have been dealing directly with the special administrator since that time.

Some small banks don't require a new loan closing and will shuffle paper, renew debt mid stream, and lock in a new rate for the cost of some administrative fees.

Always..The first month might be delayed due to administrative reasons, but from then onwards its like clockwork. 

The drilling moratorium during the Obama administration did a lot of damage to surrounding Gulf coast areas who are dependent on offshore drilling but nothing noticeable to the Lake Charles area.  

—————————————————————————————————If you need a refresher on “The 2% Rule” it is simply this:MONTHLY RENTAL INCOME / PURCHASE PRICE = X%Here are a few links:Youtube video by @Scott Trench (click here)BP article by @Ali Boone (click here)BP article by @Mark Ferguson (click here)—————————————————————————————————To start contributing toward this database, simply respond to this post with the following:(1) NEIGHBORHOOD(2) PROPERTY TYPE (single family, multi-family, etc.)(3) MONTHLY RENT(4) PURCHASE PRICE(5) RENT/PURCHASE PRICE RATIO (%)—————————————————————————————————For example, your response might look like this:(1) Midtown(2) Duplex(3) $1,800 (unit one: $800; unit two: $1,000)(4) $150,000(5) 1.2%—————————————————————————————————Hope this becomes very informative for the Omaha investing community as we start to develop our local rules of thumb.

Really a balance against the administrative burden.

Hey Jaxon, the official database of Utah (MLS) is definitely going to be the best source for finding properties.

After several emails to the Mayor, Council, tax collector and utility department, we received a call from the Borough Business Administrator who insists that something happened that we are unaware of.

Now no one can tell you how to create your business, a big part of it comes out of working in the business over time.Just for "working the deals" area you mentioned, there are multiple tasks and systems that could be built out within each of these:- Internal/External Administration (loan boarding, document management, uploading data into your database, letter campaigns, recording an Assignment, etc)- Borrower Management (discovering if properties are vacant, borrower intent, etc)- Potential Exit Strategies (which are based on the asset category you're working within - but could include processes for REO's, Loan Modifications, Deed-in-Lieu, Foreclosure, etc)- Risk Management (senior lien monitoring - with 2nd liens, taxes, insurance, general legal, compliance, etc)It may be too much to put into just one forum post but this should start give you an idea of the tasks at hand.

Also, being a RE agent can be beneficial for residential, but if you get into multifamily, I don’t think it helps that much…just my opinion.I also think spending time building your network of people (starting to build an investor database for syndication deals) and building on your education is likely more valuable than finding a second job.Good Luck in whatever you decide.Mark & Tamiel Kenney