You'll need a way to handle employment verification, as well.A good next step would be to learn how to attract and engage private lenders.

Hello BP Members, I was wondering if members could assist me deciding if I should go "glue on vs snap on" vinly planks.

@James Braggs,That will help you get in the door.You can also learn how to attract and engage private lenders so your income / credit will become moot issues.

I would like to start with something I can do on the side since I work fulltime and eventually build up to having a few rental properties as well as engaging in the occasional flip.

I hear what you're saying about the escrow but the repairs he is asking for are knit picking, for instance, the entry stairs have a crack on 2 of the 3 steps in the planks (brick steps with cement plank (caps)).  

The unlicensed assistant may exercise no discretion over the language used to complete the blanks on a rental agreement, but may only write words dictated by the property owner, designated broker, or managing broker.Provide information about rental units, leases, lease applications, security deposits, and rental amounts to prospective tenants.Assist in property management functions by carrying out administrative, clerical, financial, or maintenance tasks.Unlicensed assistants may NOT…Advertise that they are engaged in the property management business.Hold trust funds.

I have seen more than my share of landlords who have been completely unprepared in court or have illegally engaged in self help.

Assuming you were attempting to engage in a legal activity (based on TN RE laws), it makes sense to incorporate where the transactions occur as that is the jurisdiction with the interest of levying and collecting tax.

@clayton pl@Clayton Plank So there are no special contracts that need to be written up?

Just like Josh and Brandon say in the Podcast, get engaged on the forums and post, ask questions, answer questions when possible and continually seek to better your goals, dreams and business every day.