Tuesday - Spend day networking with realtors, bankers, credit unions, mortgage companies and all others you come into contact with (spend about 2 to 3 hours)Wednesday - Go through newspaper for homes for rent, FSBO, Homes For Sale, Legal paper listings and searching neighborhoods and drive by.

I wanted to let you all know about another great article we just added to our archives: Organizing your Real Estate Files.

Reprinted with permissionWhen choosing an area where to buy a rental property, there are several things to consider including, distance from your home, supply of potential tenants, average rents you can collect and the ability of tenants in that area to pay you.I would choose property where people want to live, close to shops, parks and decent schools, and in a well-kept neighborhood.

But when questioned about the basics; neighborhood comps, ARV, FMV, key points of Deed Of Trust, difference between a Special and General Warranty Deed, etc, etc, they didn't have a clue.

See above.My places were always the best looking in the neighborhood.

However, what is not mentioned that not ALL types of investing work anywhere.For example, someone who wants to invest ‘SUBJECT TO’, by taking over payments from owners who have zero to little equity in their homes, must realize that they will have a much harder time finding these ‘upside down’ owners in older neighborhoods, where most residents have their loan balances paid off or just about paid off.Rehabbing would probably be a better strategy to pursue in OLDER, more established neighborhoods.However, here is another problem.

Most real estate agents Dont Return Phone Calls Dont know what they are talking about most of the time, have major problems organizing their business and seem to have forgot that the customer comes first over their commission.This is a major issue with the real estate industry as a whole.

Locate your local assessor's office online (they are organized by county).

Recently however, I was part of helping an organization give the gift of mobility to some of our vets wounded in action.

I can give 20 minutes of ANY Day 2 returning phone calls4"damage control" or whatever...then go back 2 vacationing w/o the worry of "what's happening w/blah,blah,blah, & have a BETTER time Relaxing...that's just me.Hoping I planted a seed that will help the neighborhood & rehabbers(&U of course) prosper in Your future;& in finality(absolutely SHAMELESS Plug here) When(not if) the borrower calls up so excited they can barely speak that just found 750 acres for $25M that they can develop into 1 acre lots for $75k per lot, they just don't have the 20% down & 3-5 million 4 infrastructure & marketing....call me, 24/7/365.