This is a red flag to me and tells me that one: they lack funds, and 2: if a financial problem occurs, they do not have the means to pay me my rent.This is simple a good policy and helps/not eliminates the problem of a poor tenant.

I should be getting the word out there to distress property holders en masse that I am in the market and let them come to me rather than scouring and cherry-picking pre-foreclosure lists.2.

That's not believable to me and a BIG RED FLAG.

TO me it seems that major repair/replacement is the most important: 1) water heater/plumbing2) HVAC3)Roofing4)Electrical5)foundation(I'm in Texas, terrible foundation problems)Does that sound about right to you?

One thing someone suggested to me was look at local banks and credit unions too, they seem to be more willing to loan for investment properties.Sorry I don't have anything else to add.

To me, investing is buying a property and getting residual & possibly perpetual income from it.

I’m sure that if someone in my family died and bequeathed a substantial amount of money to me, I would graciously accept it and do my best to put that money to work and not blow it on stupid stuff.

All lease payments to me will be handled by a third party escrow company.

No, it definitely is worth it to me to make sure I get what my Mother intended to leave me, and for my big Sister to do the same, equally, in fair shares to us both.

Anyway, this fellow has done wonders for himself, and took a liking to me.