Had I read this before I started building real estate teams it would have cut years off the learning curve!

And I think those questions posed by Colleen do a great job of trying to cut through to the real details, but again, as Jeff carefully noted, you don't want to have a situation where you made a move to evict too fast and other details start to come to light.

Typically license laws state once you receive a fee for the service provided you have to be licensed.Dont like someone else taking a portion of the cut?

Until then, though, its not quite as clear-cut because cash counts as a non-qualifying asset for purposes of the test. 

The Govt is getting broker, people are getting nuttier, and to me that suggests that some day not only will you have your rent increases CAPPED, your current rents might also get CUT. 

I knew I wanted something that was half or mostly commissioned, so I've already looked over my monthly expenses and made cuts where possible.My personal savings account is not quite where I'd like it, but our rental account is strong and self-sufficient; I don't even count my cash flow after reserves.

Although he might not tell you straight up what the issue or why a particular property does not work for him, you can read through the lines as he will most likely explain in general what he looks for when evaluating what to keep vs sell.

@Michael Ealy,Totally agree with your point of running the numbers and anticipating what comes with the investment, rather than what someone else trying to convince you whether a property is worth it or not.There is also a human side to being a landlord and not everyone is cut for it.

I have been using the pre screening method on my Berywn apartments for a few years, and it really cuts down on unqualified applicants seeing the apartment.

I can tell that when he repaired things he didn’t cut corners.