Furthermore, not that low income people can't be successful landlords or that they shouldn't rent to other low income folks, but there's something to be said about the fact that beyond the lack of written contracts/leases in so many cases, additional problems usually arise from the fact that these low income "landlords" themselves are financially illiterate or lack financial responsible and the capability to mitigate the risks via decent capital.  

I'm a newbie, and have gone as far as getting pre-approved via Eloan.

I'm a newbie and have prequalified financing via E-LOAN, (up too 150,000) which because I'm an investor they are asking 10% down plus closing costs.

Income will flow to your members' personal returns via a K-1.

Here are my lessons learned:Most of the functions can be handled via a web interface: advertising, rent, tenant screening, maintenance requests, applications and forms, etc.

Contact me via email.

Please contact me via email with questions.

I can provide any more information you would, but would prefer to do so via private message or e-mail, as to not cluster the boards.

We just bought 2 sets of triplexes, one via auction and the other via REO.

I am always learning.Contact me via email, this forum or my website if you want a free website invitation for a standard website.Kenneth Fach, REALTOR, ePROKeller Williams Town and Country Realty, Tallahassee, Florida