---------------------------------------------------------------------------Arizona's Realtor Association - Seller Financing Forms - Dodd Frankhttp://blog.aaronline.com/2014/01/are-you-prepared-for-the-next-installment-of-dodd-frank/In order to ensure that its members are not facilitating seller financed transactions in violation of the Dodd-Frank Act, AAR has removed its Assumption/Carryback Addendum from the AAR forms library.

The savings alone would pay for it.You might consider installing high efficiency toilets and shower heads. remember every dollar in expenses creates a value ten equity creation.Good luckPaul

I have been trying to figure out how to go about buying my first rental property while living out of state, and properly ensuring it is managed and cash-flow positive.

I am interested in renting to college students and was wondering what others do to ensure that their tenants pay their rent?

You can do that, it will cost you more, much more probably, the abstract of title is the history of the property, that could be hundreds of pages, what you really require is a title search, running the history of title from that and perhaps the prior owner forward to ensure there are no issues from the last transaction that was insured.

If they have the money to invest they have the money to ensure things are done properly. :)

Volume creates efficiency if handled right.I think it's easier emotionally to handle 20 units than it is 2 or 3.

From there, simply setup a tier for incentive to do a better, more efficient job in both construction and sales.  

This is why we often have our investors sign a BRE (Buyer Broker Agreement) which basically ensures we are compensated for any deals we bring to the table.

When first starting out, what did you find was the most efficient, least expensive way to set up your business entity?