Below is a description of each of the four characteristics.Type: Condo, high rise, single-family, etc.Configuration: For example, 2,000SF, two bedrooms, three-car garage, large back yard, single-story, two stories, etc.Location - Where the target tenant pool wants to live.

Whether they always do or not is sometimes another story.

I very much enjoy connecting with as many investors as I can just to hear their stories and make relationships.

I had also thought about doing a rent to own strategy because it is a fairly large 2 story (2800 - 3000 Sqft I believe) great l home in a nice neighborhood, but I am unfamiliar with how to really present the deal and make it a sweet deal for everyone.

However, I have heard horror stories about the homeless that can park out there and the police not coming to assist, gunshots, disrespect for your property, human waste lying around, and drug houses, and more.

Sure, it sounds innocent from the story, but it always made me question why my boss was maintaining that relationship... of course, it was a little different because this guy was caught as the originator on the fraudulent loans, not the owner of the properties (they also were busted).

Insurance is a scam, don't fall for it.This is a true story:  The 17 year old HVAC goes out in the middle of the summer. 

Owners in the '80s added a second story with a separate staircase, a door connected the bottom unit to the top unit via the new staircase.

I have a client in Avondale who recently built up a story (making the attic into a full story) happy to connect you just shoot me a PM. 

If you run your HELOC up for your first deal, from all the horror stories I have heard about 1st deals gone bad, you may never recover.