So for 41k total investment it would rent for $925 - $950 easily in this area.

The original loan amount is usually easily available.

Your going to want to make sure you can be contacted easily if and when this happens so you can get paid so recording a notice in the publiec record is good policy.

If so, you should be able to get a loan either hard money or pirvate lending funds easily for 50% LTV and use those funds to purchase the next one.

I wouldn't count China out that easily.

I always take a picture of the house number first so I can more easily organize the pictures into a folder for each house.

depends on the income class...i do lower to median income tenants..no ceiling fans, no icemakers, no dishwashers, no garbage disposals, no carpet..anything that's not required by minimum housing code is something that they can braek and will expect you to fix...carpet will need to be changed between tenants...i paint my hardwood floors brown instad of sanding and staining bc most tenatns will put rugs down on them anyawys...i try to use commerical grade VCT tiles as mucha s possible.you can buff them and clean them up pretty easily...just think durability...you want stuff that will last and look decent in 5 years still...

Their wish to have to replaced was for "security" reasons also which, frankly, is silly as anyone can break the glass on the darn thing quite easily.  

Yea, yea I know all the arguments against this, but I can't let a buyer easily walk away 90 days into a contract because he changed his mind, found a better deal, whatever.

With 30% down and good credit you should be able to get a 15 year loan about about 6.5% fairly easily from a small local bank