Once you find the right fit, it's best to stay with that relationship, but when you're getting started, recommend putting in some legwork to find the best option.Best of luck to you and I look forward to following your journey!

Most important thing you need to know about contractors is the following.

Are you consistently following up with the marketing campaign?

Denton, Sanger, Ponder, Krum, Aubrey area together are pushing 300,000 in population, and that's going to explode in the next decade. 

Follow the steps and you should have him out within 2 weeks.

Are there certain guidelines that I need to follow?

Following year adding a second property with 100k down, and either adding the profits from the first property to the down payment or keeping it for repairs etc.  

You would need to analyze what type of tenant base is in the other properties and their capabilities to qualify for your project.Sometimes owners like to push the bad tenants onto other building owners.

The lessons that I learned the most, were to be firm with your rules, and definitely follow tenant screening, and don't take crap from contractors.

Real Estate prices typically follow 1 -2 years behind oil and gas activity, so hopefully we'll see prices climbing again in a year or two.Our plan is to pick up as many cashflowing properties as we can while the market is down and soft, then re-fi when it improves and recycle the capital into more projects or possibly down into the states on larger deals.