Fast forward a few years & after getting my own re license & taking a 24 hour pm class as continuing education for that re license, when looking over the applications the pms are using, I'm recognizing big holes in the screening process, when reading the pm agreements for landlord's, I'm seeing big holes as well - no real responsibility being accepted by the pms, but tons of fees for both me and the tenant & we decided to run our own rentals.

What does your research tell you about the stability of jobs/the economy in the area you're investigating?

As municipalities across the country continue to run out of money, you will see more of this.

For that matter, we need to, as professionals, continue to learn and educate outselves, so never stop learning, either here or in a book or in the trenches with a mentor.

I will say that everything went rather smoothly with the insurance, it was just a long process while they were investigating it.

It gave this as a reason, "The housing market’s rebound has been restrained by the so-called shadow inventory of homes with mortgages at least 90 days delinquent, in foreclosure or already owned by banks, while foreclosures had been stalled since late 2010, when state attorneys general and federal regulators began investigating abuses by banks, including lost or doctored paperwork.

(This is a very important question - too much detail to go into)This is just 30% of the work for one deal that continues to give indications it is a good deal, most of the time (95%) you will not get this far before you ween them out of your sights.It is called due diligence.I could write a whole book on this alone but this is it a nutshell, which really doesn't encompass everything that needs to be done to see if this is a good deal to invest your time into.Time is money and money is time.Don't chase everything you see or do not try the shot gun approach, hoping one sticks...

No, he sends the FBI to investigate it as a "crime".

I will continue reading the forum posts and blogs.

Please, any advice would be greatly appreciated, while I continue to immerse myself in the forums here.