Do your due diligents (flood zone, insurance cost, rehab cost, ARV, existing leans, updated taxes, ect.)Pay for title insurance!

Could you please suggest me how much insurance is required?

My apologies if I've overlooked them.1) INDEPENDENT CONTRACTOR AGREEMENT2) FINAL SCOPE OF WORK3) PAYMENT SCHEDULE4) INSURANCE INDEMNIFICATION AGREEMENT5) FINAL & UNCONDITIONAL LIEN WAIVERI've found multiple samples across the web, but wanted to see if anyone has copies of these they swear by.I'm in Texas, so these docs have to conform to state statutes in regard to arbitration, etc.

The summary is that they get to make an 8-14% return over the long run in a very stable real estate market without having to do ANY active management and get the benefits of top notch management over their investment.We get to make the same return in dollars which will come in at about $80-120 per hour based on the current units we own/manage.Dan Dietz

I've experienced my fair share of bumps in the road, but I learned A TON along the way and things are stable now.

Any tips to starting out would be appreciated, got a stable job even though I've only been in it for 3 months and enough for a down payment.

For example, should I focus on looking for attorneys, mortgage brokers/lenders, accountants, and insurance agents within the market I am looking to invest, or would it be more wise to keep them closer to my home?

Contingency planning (stress testing and mental rehearsal).When I bought my personal residence in the 1980s, for example, my budget was tight and I forsook earthquake insurance (most Californians don't have it).

Here’s what I’d likely do Send him a letter Explain to him everyone else pays far more in rent and your expenses( taxes insurance water garbage repairs etc .

To better insure a smooth mortgage loan process for the buyer, I'll pick up the $2.00, so we can round up to $754,500 even."