Hey Gang,I just had a renter who's lease was set to end on June 30th, send me an email on May 20 of their intent not to renew. 

Start setting up appointments and put houses under contract (this can be a simple one page contract that shows who's buying, who's selling, the address, the amount, any other terms, and signatures.

Just make sure you have online backup.I have everything set up, with classes for various rentals, and if I were in your shoes, just upgrade the software, and you're good to go.

I see folks get into crazy deals not knowing what things will cost, so good on you for having that skill set and being able to fix everything!

See my next point for more on this.You've got the Purchase Price set up as a given, and you want to know if the deal is a good investment.

That would really set off the house and add value in the future. 

I have been approached by a couple friends and family members who would like to invest in the business.I currently have two people who would like to invest 100k each in a passive setting in exchange for a dividend or something along those lines.

They can tell you minimum lot size, set back requirements, etc. and the procedure to follow if the lot is allowed to be subdivided.

These would most likely be set up as LLCs, as my others are also if that makes any difference.Thanks, Dan Dietz

just dont set your sights on $1000 for rent there until some major shifts take place.