Recently I've noticed some listings that seem interesting in that the community has a property manager with an onsite leasing office.

has anyone noticed when they open the door to see the house for the first time, if its a 'good' house, it is totally clean, the electricity and water are both on.It's also funny when they say "houses in this area sell in the 140's",,I guess the size doesn't matter to them,, it is good entertainment, but thats what it is.If I started buying houses to keep others from getting them, I would probable be bankrupt in a short period of time, thats how you get killed in this business

Wow, you guys are so far ahead of me in understanding how to structure something like this.

I know in Texas in order to file for eviction I must have proof to show the tenant received the 30 day notice.

I've been honing in on the best types of loans for my goals and noticed that there are a ton of options and lenders.

Try to delegate duties ahead of time so everyone knows what is expect of them including yourself.

Include quarterly inspections in your lease with proper notice (based on your state/local guidelines) regarding the notice you must give your tenant.

It ended up costing an extra $600 in very small repairs that I know if they caused them they would have argued as normal wear and tear.Moving forward I decided to only address the major or noticeable items but keep tabs on the small stuff and remain flexible when they moved out.

Caution - seven lonely paragraphs ahead.....

In a home transaction, you might be found grossly negligent if your contractor told you what the code was for wiring under the house and the fact that doing it another way might start a fire but you go ahead and do it another way to save money.