This puts the out of state investor at a disadvantage and if things begin going south, they can unwind pretty fast and the out of state investor ends up as a motivated if not a desperate seller.

I would agree with @Greg H.Cash for keys in Texas is truly a VERY last resort.The joke about Texas is that we have a fast lane for evictions.  

I see a lot of people are agreeing with the line of site, one thing to remember in a kitchen is functionality, have your tenants use the beginning layout and see how fast your doors and draws get messed up, they wont look new after a year. plus you are gaining another foot of counter space with my layout and it is easier to work around in the kitchen. besides, this is a rental. and NO i am not offended by the opinions, just pointing out things to consider when laying out a kitchen, what ever you decide to do, i'm sure it will look nice.

@Jeff Burdick, that's interesting info- listen up, Chicago-ites, Rahm is pulling a fast one on you and charging the upper limit of normal usage.

Again this is just my assessment and others might disagree.Step 3/4:  Get a property in contract (they go fast) and get a team in place. 

John still posts occasionally here, though he advertise himself more in the IRA area as a IRA consultant according to his profile.Invoicing also increases transparency, especially when tenants are late, don't pay on schedule, then try to pull a fast one.

When starting out using the BRRRR strategy, how do you efficiently evaluate a property fast enough (using the 70% rule of course) to make a winning offer before the competition?

Fast forward to 2 weeks before closing (yesterday), my lender sends me an email AFTER my financing addendum ends stating that they do not believe I will qualify the loan, and that my income needs to be about $100 more a month.

Fast forward to today... we have a signed purchase agreement from the judge and we were one day away from signing.

The lunch meetings are free to attend and membership is only $100 a year.Awesome local speakers, experienced local investors.I sit on the board of the Salt Lake club, (www.slreia.com) but the Utah club is growing fast and will help you know your numbers and set goals so that you are not walking in blindly.I have managed rentals for 3 1/2 years, I have bought over 50 investment properties for our small group at MJA Real Estate.Let me know if I can help.Trevor Thompson