They invite professionals - officials (attorney general), to speak on topics relevant to the business.There are seasoned, experienced landlords that gladly give free advice and pointers.They have full time lobbyists to fight against the pervasive ‘tenants rights’ groups we continually have to battle.I attribute much of my success as a landlord to my involvement with a great association.

Especially if the rest of the neighborhood doesnt really have any.

Maybe 25% are cash purchases and rest are financed with some down.

@Steve Puglisiif you use your own IRA to purchase the property, you would not be able to leverage the rest of the house unless you had a non recourse loan, which is very hard to find.

BUTI’ve officially been a ‘landlord’ for about 18 months now and let me tell you, I was not(still really not) totally prepared.

@Andre I.I don’t know what practice test you are using, but in my case, while generally similar, I had some questions that I never seen before during the official test.As a whole I believed that the test was easy, but also I was scoring much higher during the practice ones.When you reviewed your practice tests can you identify an area where you are weak and need some more learning or are you randomly missing some questions that you were passing before?

Hi, Jordan, on behalf of Phoenix and the rest of America...welcome!

Is Bay Area diff from the rest of the country now?  

I got to jump in an help manage the flip to earn some potential profit and we're looking forward to our next deal with an official JV structure. 

Use separate savings/escrow accounts depending on your state laws for security deposits, open a savings account to put aside cap ex and maintenance and put the rest through a checking account for deposits and everyday expenses.