I’ve outlined the basics of what I’ve done on other threads.

So basically I haven’t updated my profile in a while and am actually no longer a realtor but Active Duty Navy.

Basically, I am trying to secure the private money lenders interest in the property so everyone is comfortable with the arrangement.Thanks!

You would be shocked at how some high income earners live and treat rental units that arent theirs, most renters are fine but many are entitled and may take you to court or stiff you on a repair bill rather than assume liability.

I don't know what version this is but it covers some of the basics. 

There are good returns to be had but there are areas  that cash flow better and other areas that are more of long term buy and hold plays - basically, lower risk/lower return investment properties.

@Robert Yousef  Tax foreclosures do not show up on the MLS, have them check their county court house/auditor's office to find out where to find info on those.  

I just closed and was given a check in the amount of both tenants deposits.Right away you want to call and transfer any utilities that the previous owner was paying, as well as call and set up a time to introduce yourself to them, as well as lay out clear guidelines and expectations as to what to expect with you as the new owner, ie. where and when to send payment, contact info and info on what to do if there are any issues that need to be addressed.I just closed on a new duplex and acquired tenants, i called right away and started service for water and garbage for the tenants, as well as met with them in person, I showed up with a copy of their current lease agreement for them to have as a refresher, a basic rental application for them to fill out to make sure i had the most current information about employment, tenants, contact info, as well as had them make a list of concerns and things that need repair. 

So I basically am going to need to shop around for these loans that aren’t standard, but they exist.Right now I’m gathering the funds for a down payment for my first investment.  

It's not that there aren't opportunities here, it's just that my out of state properties have a manager so I basically am retired.