Contact me I would love to help you establish your inventory here.

I have witnessed and been the victim of many actions by the board I would consider questionable, if not downright irresponsible.Our board engages in practices that are not in the best interest of the HOA members and I'm very curious if there are any "HOA Watch" style sites that allow the establishment of a forum SPECIFIC for a particular HOA community where the members can collectively compile and share information that is otherwise known by individuals only.

I just seem to recall recently reading that those who rent to family members have special concerns, but I do not remember what the article said.I guess we would charge him about the same rent our prior tenants were paying to establish fair market rent.

Might need to use major companies until established person in place..Costly, but I have used The Rooters and the like in emergencies..

The other aspect is to add value to establish equity over time.Those that advocate these deals are usually selling or coaching the "system", I don't know of anyone who has a really successful business built entirely of such deals. :)

I would plan on having enough cash left after buying the property to establish some sort of "emergency fund" for the property and then always keep enough of the cash flow in reserves to handle future issues.The vacancy rate in the area in the area is in fact much, much lower than the 15% I have estimated.

Don't underestimate your expenses just because you're okay with putting some money out of pocket on the PITI side.Assuming the deal works, after you've established a record of payments, you should be able to refinance at least some (if not all) of the properties to get your PITI down.

After you get it rented, take out enough for another down payment...Once you get established and have a track record it will get easier to find funding..I would not tie all my money in one property..Spread the risk as a beginner..

I just had a guy get very upset but I can tell he's in the ripening process so I think I will keep him on the list.In terms of calling, texting, etc. it all depends on the seller and the rapport you establish.

Once established, I'd like to transition to buy-and-hold and build up a portfolio that will support my family's lifestyle.I'm really looking forward to interacting with all of you on the site and I'm very excited to become a part of this community.Cheers!