I ended up calling the listing agents on my own and just involving my Realtor ( not the same one that responded late) at the end to fill out the proper paperwork.

See this thread for links:http://www.biggerpockets.com/forums/52/topics/89437-contacting-previous-landlords-proper-forms

However, there might be problem with the roof and major termite issue underneath the bathroom, since the wall in the shower was opened and the tenant just put something like a sheetrock there, it wasn't fixed properly, so water can go down and cause major damage to the subfloor or the foundation, which would greatly increase the rehab cost.The tenants have been living there for over 23 years, they don't want to move, (a couple in the 50s with the dad in his 80s) so they don't let me in to do the inspection.

As Brandon said, it can be done, but it will require a plan and proper execution of the plan.

Insurance is pretty regulated, you can look up any insurance company at your state website to ensure they are properly licensed and formed.

That means he/she has potential and I can groom them on turning that motivated lead into a real deal via proper analysis of repairs and ARV's.Harry - I think you're doing the right thing.

When you buy in the two above markets, tenants you attract are decent and a good PM should screen out the remaining bad apples while ensuring no issues go too long w/o being resolved ensuring good cash flows.I have been cultivating relationships with PMs, rehabbers, and realtors.

He gave me the proper notice, but dragged his feet moving.

We just want to make sure we have everything aligned properly where neither side has regrets a year from now.

Elizabeth Colegrove if I'm understanding your post right you ensure atleast $300 in cash flow to see if renting is a good idea?