Remember to always do the math analysis on your prospects and try to look at them before you make an offer or at least have a clause in the sales contract that allows you some time (usually about 15 days) to inspect the property and possibly back out of the deal without aa penalty you can afford to lose.Right after you close, get an insurance policy that will protect you if there is a loss.  

Naturally you like the higher rent this prospect offered, but I wonder if you should advertise the unit at a higher rent -- perhaps $1700 is below market -- and wait for a stronger tenant (without a dog and three teenage sons).

The name or names that come up the most are probably good prospects to interview

Always remember that you should do the math analysis and try to look at your prospects before you make an offer or at least have a clause in the sales contract that will allow you some time ( about 15 days) to inspect the property and possibly back out if it doesn't hurt you.My father has been in real estate buys and sells of investment properties for about 40 years and he has taught me a little bit.  

Obviously I want the basics with the IDX feed, but what is more important to me, is a website that will have a backend mechanism to track how prospective clients are interacting with the website. 

For the second tenant I had a lawyer draft an Early Termination Fee clause as the then prospective tenant casually mentioned he may not stay the entire 12 month term.

These are two very different prospects, and the idea of a "roommate" versus "tenant" raises many additional questions for the client.Zoning will determine if separate self-contained dwellings can be placed, pr if an existing stand-alone garage can be converted to this use..

We were extremely lucky because we did everything without much education, and mistakes were relatively small and manageable.My husband and I decided that 4 properties is enough and owning more properties seems to be a scary prospect.  

The typical Team members in the primary basis are Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Conteactors, and Handymen.Always make sure you do the math anaysis and try to look at your prospect properties before you make an offer or at least have a clause in the sales contract that allows you some time (usually about 15 days) to do an inspection of the subject property and possibly back out of the deal without a penalty that won't hurt you.     

Right now, I've been prospecting FSBO's and some have told me that they have no problem selling their home whether it's on the MLS or not.