All of the deadbeat tenants I've ever dealt with have had clear background checks, so I'd just encourage you to think critically and be sure to look at your applicants from all angles.

Here is What NOT to do:- Do not spend all of your savings fixing up the okay kitchen when you have not fixed the pipes, replaced the destroyed carpet, and taken out the wet wood panels all because (we are doing renovations anyway)- And do not run around aimlessly How we handled it:- We did spend most of our savings fixing the kitchen and now have to do most of the work ourselves to get the actual issues in the house fixed (Fix critical issues before aesthetics Always)- Fix the frozen pipes: Done- Fix all taps, shower heads, and fixtures destroyed during the flood: Done- Take our the destroyed carpet in the basement: Done- Repaint all rooms, baseboards, and door trims: DoneIn summary, when faced with an issue:1.

This is a critical decision and can turn into a huge headache.

Such online real estate sites do not provide reliable estimates of rent or the time it takes to rent a property, which is critical information when seeking investment properties.Tell me about your renovation process. - You are seeking a response similar to: "I collaborate with the property manager to identify a list of renovation items.

Remember, building a great team is critical to your success as a real estate investor.

High performers obsess over the most critical tasks, rather than distract themselves with multi-tasking.

Aloha,For PM's, it is critical to first determine if they are required to have a Real Estate license in your locale.

Whatever you do you will be criticized for it. 

I know people like you straight to the point and knowledgeable will give some good criticism... especially because we dont agree on everything!!

There is nothing wrong with it being an active investment - but it is critical that you understand that going in.I ended up buying single and multi family properties and got up over 38 units.