We are skilled at taking over a property like yours, marketing for tenants, screening tenants, completing the leasing correctly, move-in and then ongoing monitoring of the tenant, property etc.You want someone local that has Chandler properties, vendors etc.

Hi Tony, My husband and I actually started out by doing the Rich Dad training, so I think that's a great place to at least consider. 

For instance, when I Joint Venture with people they get all of their questions answered and the training and actually own property. 

Trey Welcome to the site Trey.When you are buying an investment property out of state it is paramount that you do a few things.Get a 3rd party inspection - There is absolutely no substitute for a completley unbiased trained professional spending 3 hours going over the home with a fine toothed comb.Get an appraisal - Bonus points if you get the appraisal because your lender required you to do so.

That's the ongoing rent for 2 bedroom condo in Texas.

Property managers do that too, though we don't have the cool uniforms and we don't usually run into burning buildings, (like I said, its not a perfect analogy).Your decision to engage ongoing management is very dependent on the property and the tenants.  

Hi Anthony,Get a Licensed FL Broker on your team, learn creative financing, I have trained REIs that are broke and have had really bad credit, like a bankruptcy. 

Responsible pet owners greatly appreciate knowing they can get their whole deposit back if the home is kept well, and I like to screen the pet to make sure it is well-trained.  

I fortunately own all my properties outright but want to expand as you do.I work full time at the moment and have a property manager who I have trained to manage my properties.

How long have tenants been there as compared to turnover for stability of servicing the mortgage and find out the breakeven occupancy level for your purchase price and mortgage rate and terms.Now you said you factored 60% off because landlord pays water trash but the numbers are off.If 50% you would go X .50If 60% costs you would go X .40 ( 60% costs ) = 26,352 X .40 =10,540.80 NOILet's say 10,540 annual NOITake 10,540 / 145,000 = a 7 capSo it looks like you went the other way doing your calcs.26,352 X .60 = 15,811.20 which is your annual cost and NOT the NOI.On these properties you need to see how the other landlords treat their buildings which will impact ongoing cash flow and quality of tenants for you and resale value.