Include a description of the area - population, major employers, surrounding structures, and other important demographics.3.

Your background at the housing authority should be able to help you some as you venture forward.Without a doubt educating yourself is be single most important thing in my book.

One of the most important things is to speak with the proper persoan at the bank that handles what you are looking for, and as Mike said, use small local banks who provide commercial loans.

My biggest problems are the ones I stated above in my post, "Starting at 16"... not having the location (very small town with no other RE mentors around), but more importantly, the financial support.

., return on investment, maximizing cashflow), nor do they they thoroughly understand the rental market, which is one of the most important things every investor must understand before investing in any real estate.

The only important thing is to find the portfolio lenders in your area that works with investors.I know portfolio lenders offer better flexibility, but should I be so concerned w/ my mortgage being sold in this market?

Lastly I developed and launched a new business unit for the publication that generates over $45k per month.I share all this not to gloat, show off or inflate my ego with self importance, but in hopes of your consideration as a peer in the business world.There is no question that anyone with a real estate licence is a business owner whether they work independently or are part of an established firm.

Always stand your ground when it comes to needs, if you must compromise your position be sure that you do so with your wants.2.Try to identify the sellers/buyers wants and needs- By knowing what the sellers needs are you may be able to keep a deal together by making it a win-win for both of you.3.Know what you are trying to accomplish ahead of time- If price is most important to you then focus you efforts on price.

Sometimes subtle divisions are more important that obvious ones.Once you've done this a while, you'll be able to look at a property and look at its specs and be able to come up with a value.

This validates the fact that quality management is the #1 most important aspect in rental units.