Get your license to establish some education.

Unless you're going to be physically conducting the rehabs "hammer in hand", why aren't your contractors inspecting those properties for you, once you've established general interest and potential in the listings?

My plan (abbreviated) is to find plain but nice homes in decent areas, (not "high end" areas, just decent, where the shrubs are trimmed, older established people live, etc.) single story to appeal to older folks, close to shopping, etc. -- neighborhoods vs. busy main roads -- buy so that I can charge approx. 1% of purchase price for rent (ex. 80K house, 800-850 rent) tenant pays everything (heat, elect, etc.) - I own a lawn care and snow removal company, so I can offer my services there.Nice little ranches and capes around here, with vinyl siding, fairly recent furnaces and roofs are anywhere from 89-110k.

I have gone through all the necessary steps with the city and county to spin off the lot, re-established the property line, got a new Tax ID for the lot etc...The underlying mortgage is being serviced by ASC and the beneficiary is Wells...i have been making the payments.

Guest blogging on more established sites with a lead box opt in on the page 4.

I think there are too many unknowns to be getting into a gambling situation with interest rates 5 years from now. 

Be thorough, establish your standards for each basic element and your process for working through a rental prep. 3) Know and follow ALL the applicable laws.

My mom and aunt paid $15k for electrical work and had a home warranty been established, the cost would have been greatly reduced, if not eliminated.

@Eli Lederman Someone must testify to establish the ownership of the property, terms of the tenancy and the evidence supporting eviction like nonpayment of rent.

It does cost more to establish checkbook control initially, but will reduce operating costs over the long term.