At that point they had a choice:1) Renegotiate with the current homeowner to start paying the mortgage again (possibly at a reduced value because it was the mortgage was purchased at a discount).- OR -2) Wait for the homeowner to miss one payment and foreclose on the property, thereby buying something for a deep discount if you don't mind going through the courts to eventually own the property.Has anyone seen this type of negotiation/deal with lenders?

Next, spent some time on one of the popular real estate sites and obtain information about possible rental properties in the remaining.

@Michael Regalado  and @Hasan Hamdan (you probably already know about this one Hassan, there's one tonight in Garwood that's pretty popular.

You need to advertise online (Craig's List is popular here).

How can you get to page 1 or 2, you have to use popularkeyword and people have to click your link to reflect that you have a popular webpage.

That's an excellent choice for your first property.

There are a lot of "accidental" landlords (like myself) who bought in 2005-2007 who now have no choice but to rent out their properties, so you are bound to find someone.

BP has been a great way for me to network with RE people from Fresno.Sharing your PM insight will be a popular topic.

I watched him at that job off and on, and really thought he would make a good worker for us. 2 years of of watching didn't help me make a good choice.  

So, if you want 30 year fixed, owning it in your own name is the only choice.