You don’t have to worry about supply and demand and whether or not your property is going to sell for the price you anticipated.

And, those stories are the reasons I did my Living Trust three times.I deal with a supply house.

Keep in mind there was record home ownership and rental property supply was building.

As you go through your deal, jot notes in places where you felt rushed, stressed, wasn’t fully capable or didn’t understand a certain process to hopefully prevent snap decision and this situation from happening again.

They will require anybody with over a 20% interest to supply credit scores and net worth requirements and this blows a lot of deals up.If one of the partners has horrible credit and low net worth, make sure you make him either a silent partner or low percentage ownership on paper.If you getting lending, you will need one main llc, with operating agreement that spells all this out.

Seem most the stuff I read seems well but the issues is price of rent in these areas are low and the supplies to fix a house up still is top market price.

I've been buying my own from a HVAC supply company for $500 to $950 depending on the size/ configuration.

@Wave TaylorI heard a guest Mentioning on one of the podcasts about a book called "the section 8A Bible" Maybe checking it out will help you out,but it does seem like there is a lot of demand and not enough supply.

The electric supply will need to be adequate to allow enough outlets and lighting.

Assessment of where you're buying and its 'frothiness factor'2 - Your need for cash flow vs longer term appreciation/equity building, mainly will depend on your time horizon with owning the asset3 - Your skills/ capabilities - some people are more naturally geared towards handling lower class areas, tenants, and usually the items that come up maintenance wise with this.The advice I usually give to 'youngins' (I'm 36 by the way) is to take the long view - which means the equity building, and your TIME to continue focusing on your career, building skills, etc - would lead me to be biased towards the property that you felt would hold / appreciate in value more over time.....