I ask each agent for property manager references.

MIke:Was the author of the blog referring to a specific type of agreement and contract?

She'll make a mistake at some point, and you'll have your chance to get rid of her.For future reference, it is sure easier and cheaper to have your rentals in safe condition before you rent them out.

I get my skilled workers by referal from other people who have used them.

Ask what there experience is, ask for references, and ask the costs/fees.I also highly recommend that you use a RE attorney in the state in which you are investing as many states have many different laws and it is practically impossible for an attorney in one state to keep up with every state's laws and changes.

All these things (and plenty more) contribute to the likelihood of getting properties when you make an offer.For reference, I've made 5 offers in the past month, and have gotten 3 houses under contract.

There's no trailer in existence that's worth anything near $80K.Lonnie deal refers to Lonnie Scruggins, and his book "Deals on Wheels".

The Housing and Economic Recovery Act of 2008 includes a provision that modifies Section 121 of the Internal Revenue Code, which is often referred to as the 121 exclusion.

I've read it multiple times and constantly reference it for information.

A better solution would be to work either as an employee of the LLC and have the LLC perform both PM and ownership duties.