A thorough screening process can include background and credit checks, employment and income verification, and rental history review, ensuring that you select tenants who are financially stable, trustworthy, and likely to uphold their lease agreements.

I paid him by check. #3: If I had work done by a contractor who is an LLC  (e.g.

As for financials, if you invest out of state, I would suggest you factor in at least an annual trip, if not two, to the market simply to check in.  

It's pointless→ I want to evaluate how the property is performing NOW→ Where it COULD BE performing→ And WHAT it will take to get there.This involves (at a minimum) checking comps, creating a 5 year proforma, verifying taxes & insurance, and making assumptions about the business plan.You can't determine if a deal is a pass/go simply from NOI / Cap Rate.The art of underwriting involves finding value where others miss.If you're passing on deals just from dividing the in-place NOI by a cap rate, send those over here!

Attendees often find these events valuable for networking and learning from experienced investors.Local Real Estate Groups: Check for local real estate investor groups or meetups in your area.

Check their reviews and interview them prior to handing over a dime.

Do I just show up at the title company and they hand me a check?

I told him I'll pay him a few dollars to have it checked out.

Checked previous forums and contacted those already with no avail

You will need a new loan for at least $460k (to pay off old mortgage plus $53k check for partner’s profit, you take no cash out but save closing costs, holding costs and interest).