Here's what happens when landlords don't control unruly tenants and the neighbors complain:Others step in who WILL address the issue.Neighborhood groups, for instance, who will take this up with city council members.

I have walked away from 3 deal because my team mates told me to (IE the house repair is more than you can handle, that part of town is nothing but problems, you'll have a hard time with that property).Read as much as you can on this sight.

I've found a 3-unit property in a small town.

Whether or not they accept the facts, I cannot control.

While they will let you hold title in the companies name, you will still need to personally qualify as a principal in the transaction.Anyone who owns a 20% or greater controlling interest in that company will have to provide credit, income, and asset information in order for the loan to be considered.Depending on Debt Service Coverage, LTV, experience, etc... you may or may not have to Personally Guarantee the loan itself.

Come join us this Saturday for the best real estate networking schmoozer in town!

I have to have a ventilation system put in (since we removed the window the city requires this) and my electrician wanted me to be in town for that - so thanks for reminding me to call him. :-)

I decided to pursue my dual PA and NJ license because of the potential to take control of my future. 

So, I am purchasing my first rental property in my home town and it's a pretty big investment.

Start with smaller, owner controlled rentals, if you decide to go this route.