For the next two rental properties that I would buy (which will be lower end properties), apart from showing 6 months PITIA on the property that I am buying, I am only required to show 2 months reserve on my first existing rental (manageable) but once I move into 5- 10 area, seems like I have to show 6 months reserve on my existing first giant rental.

I have several questions regarding this failed attempt to use a wholesaler.Is there any restriction regarding contacting the owner of record, property manager, or any other party.I was perfectly willing to deal through the wholesaler and never tried to circumvent his contract, but I was not able to determine his legal equitable interest.

Also guys, keep in mind that the manager was not able to get a hold of the guy in person or by phone for over a week.

Phil, since you wont inform me of the address or the client I am not able to give you my opinion of the property or any situation.

Any real estate strategy carries some risk, but in these cases:1) The 2 percenters run the risk that rents will not increase down the line, but other costs (notably real estate taxes) will.

When I arrived at the home I went into the kitchen and low and behold a giant trash bag full of food was in the middle of her kitchen and 10 mice scurried away.

You're not able to refuse late payments and still be able to evict them?

Memphis is a big city and these areas have good people living there; maybe they would choose to live in a nicer area with less crime, but financially they are not able.

I was not able to find any conventional financing that would lend on a property that had a stick built home and several mobiles on it.

Australia is a giant desert you can only live around the edges so land is very restricted naturally.