The ideal situation for a property manager is having a tenant that comes to them without representation the day after a property is listed.

I figure the conventional refinance really wouldn't be an ideal move to make at least initially.

It works really well for me and allows me to see valuations based on a number of different factors with minimal input as well as 5 and 10 year return projections.But I always say that the investment property you buy should make you monthly returns or long term returns (both is ideal, but almost never happens unless you've held the property for a long time).

Ideally, we all would like to make a little money off of this home verses having to give it completely up to the bank at some point probably very soon......My sister in law will have to make enough money to rent a house elsewhere and my husband and I are renting a home nearby but we both are more than ready to purchase our first home, but we don't have very good credit or money for a down payment right now (we also have 5 kids).

Ideally an Assignment of leases/security deposits/permits/warranties/etc. is executed at closing, along with a letter to all tenants from the old landlord advising of the ownership change and of the new payee/address for future payments.

So in an ideal world, presuming you are cash flow positive on your investment properties, there would likely be no negative consequences.  

We were in a competitive space, make sure the location you choose is the only one within a 1/2 mile radius or competition will erode your profits.If you are fortunate to purchase an ideal location keep in mind the revenues have plateaued by time you've purchase the business (if the business is more than 5yrs. old).

I would go into local banks in your area, ideally ones with less than 5 branches.

Utilities costs (Gas, Electric, Water) for the past 6 monthsThis part of your motivated seller questionnaire gives you the information with which you'll be able to decide whether the property needs a short sale, whether seller financing is an option, and how to structure a deal or an offer that can work for both you and the homeowner.You'll also need this information to properly market the house to your investment property buyers.If you're a new real estate investor, I hope you arm yourself with the information on this page to work out win-win-win solutions for your sellers, your buyers and yourself.Motivated Seller Questionnaire Red FlagsThe power of the motivated seller questionnaire is that it helps guide your interview process, and gives you a framework to make the screening as conversational as possible (In other words, it's a script, without the mechanical sounding words and phrases).It helps you in the 4 following ways: Avoid Outright deception by prospective property sellers Properly screen your inbound leads for seller motivation Helps screen out irritable, irrational, potentially psychotic people you should never, ever deal with Helps you build rapport with target ideal candidates Supplies information to help structure your dealsAvoiding Outright Deception I've had a property owner tell me "..All the house needs is less than $5,000 dollars in repairs, and it's ready..." on a house that clearly needed so much work ($35,000 to $40,000 dollars) that no buyer or agent had ever called him back.Better Motivated seller screening Being a successful real estate wholesaler is a matter of alignment.

@Scott Mac she is on auto pay and has been a good tenant, so we are good there.