Account Closed - real estate books are great for planting the initial seed and outlining steps and strategies but you'll always feel like you don't know enough... that you need to read one more book or learn one more strategy. 

It's not a tried and true air b&b market, but the areas I outlined above have proven to be successful rental markets fo families who just need affordable rent! 

Like getting prepared, as I'm about to outline.

I'll be using the techniques outlined in Carleton Sheets course to acquire properties for no money down that will still cashflow... and I suspect this will work well in my area since rentals with conventional financing can be acquired with a gross rent multiplier of 50-60.In 8-12 months I hope to have completed 3 rehabs, have $50k in capital, and 2-6 rental units which cashflow $100-250 each per month.

If you follow the plan outlined in Deals on Wheels you can do deals with very little cash and no major reserves.

The seller is still liable for those mortgage payments, plus any late fees or other penalties if something happens to the buyer and they can't make the payments (or they are dishonest or inept to begin with, like in this case outlined right here: https://www.subto.com/post/what-are-the-risks-of-buying-a-pr...).

There are cases where the City's planning department will allow you to do something that's questionable if you agree to sign a recorded agreement that outlines what you will and won't do with the room/building.  

I originally started this thread outlining my experience with RWN in Alabama.

So are you saying they did not provide all the things outlined here?

Hi Lorin -You did a better than most job in outlining expenses.