Purchase price: $425,000 Cash invested: $100,000 This is a 6 bedroom, 5 bathroom, 10 acre farm with a barn, pool, hot tub, 1 acre stocked pond, and utility building.

Check utilities if they transfer with the property. 

Also, I have previously interacted with you in forums and had a good impression, that you are serious person with real world experience and good stories and advice.

I keep it simple, so the tenant pays all utilities and property upkeep (lawn care).

And the local utility company won't do things like energize  new panel box or turn on a new HVAC system without seeing the approved permit. 

There are single utilities, which have pro's and con's.

Hey Paul, I am not sure what software you utilize for managing your properties yourself but I would recommend checking Avail out, they will tailor a lease to your state and the laws in your state and provide a guide to the laws of your state.

Thus allowing me to utilize 1031 exchange.

I do think you make an important point about interacting with prospective tenants in person but focus on behaviors and relevant income issues.

Hi Matt,BiggerPockets is definitely the place to be to interact with local investors and agents for off market properties.