Hey all, I just got the inspection back on a property I was looking to buy.

Make sure that wasn't the site where all the construction workers changed their oil, or it is not the trash site for the neighborhood, make sure it is not in the flood zone, make sure the lot size meets the building/plat regulations, check for utility access, if they have lawsuits check for judgements and liens, and IRS liens.#7 Go kill it and make millions, maybe you found a gem.

You need to build a solid foundation if you want to last in this industry. 

The rent guarantee was never deposited without several reminders that it was past due.In May 2018, ABC told us that the house was almost done, and we could hire a licensed Home Inspector to inspect the home.

The plan is to conduct mold inspection and remediation after the tenant moves out and then re-rent the property.

Heck with 40k you can buy a SF with seller financing and learn, much better to actually DO and learn vs reading books or listening to some guru Hey all, I see so many posts, " I am researching, " I am doing my homework" , I am trying to build my team" "Deciding on which area" So many are TRYING but never do anything, like a hamster on a wheel, A LOT of movement but staying in the same place.

@Sarah Kensinger don t forget investors can build and triple net lease their properties via a long term lease to management companies and enjoy all the benefits of passive investing.You are right .management companies who are responsible for taxes , insurance and maintenance, will make sure the property and furnishings( which they paid for) are well taken care of.

There should never be a choice between a property that cash flows and one that builds up equity from appreciation. 

Im mainly here to build relationships and to partner on STR, LTR, and possibly do some flips - if you have other business ventures Im interested in that as well!

Inspection (they attended) came back overall very positive with two possible red flags.