Generally, we do screen all prospective tenants and have them sign a local lease agreement.

What I wish I would have done in college is actually find a successful agent in my area and help them out with showing and prospecting.

What if the property has excellent prospects for appreciation?

Some general info on insuring the property:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

Look for the ability to do a value add on the home/condo, and look at stuff from that prospective.

Its a one-stop shop for viewing your prospects, while factoring reserves PMI taxes and what your move out return would look like.

There are a lot of great marketing channels that are effective for prospecting motivated sellers (direct mail, ppc, Facebook, cold calling, cold texting, etc).

It emphasizes the need for confidentiality and specifies the penalties for a breach.Depending on the nature of the business listed, I will call the prospective buyer for a brief interview to see if there's enough of a fit that an NDA is even warranted.There are plenty of cases where I get queries from dreamers who are completely unqualified to buy the business, whether it's a lack of experience or a lack of funds. 

Typically, we do a test-fit for the prospective tenant, get a construction budget and negotiate from that.Thanks for reading.Dan Biber

My prospective tenants don't know what they are walking in to, so I keep it all in view in one location so they know everything is there as soon as they walk in the door.