So you want to choose a site that updates frequently, removing "bad" sale data so you don't stand at the courthouse steps waiting for a sale that was rescheduled.

I would recommend getting involved on this site frequently, as every topic you can imagine is discussed completely.Let me know if there is anything I can do to help.

A buy and hold property is a long term investment, so you had better like the idea of doing taxes, accounting, and management with this guy for the next 5+ years.I use partnerships frequently for flips, and I have one long term rental partnership which I did early on in my investing career.

If one leaves then the group needs to find another person to pay the rent.He checks up on things frequently and has some good lease agreements specify for student rentals.You are welcome to pick my brain any time...some people say there isn't much to pick, but I try and ignore them..Dave

I am a realtor in Las Vegas and most of my clients live in other states or countries so I frequently have discussions with potential clients concerning how I would determine where to invest.So we are on the same page, I believe all investment properties must meet three criteria: Sustained profitability - The property must generate a positive cash flow today and into the foreseeable future (10+ years).

At least not all that frequently.  

Theres holes in the wall where recliners and chairs smash into them frequently, so i'm pretty safe to say this is NOT normal wear and tear.

Since it is going to have to be used so frequently, I wonder if there is a better way than just pen to calendar.

Since it's your first property you'd ideally either have some familiarity with the area (visited frequently, lived there, family there, etc.).

The most frequent one that I've seen is drainage/sewer problems out of those homes.