Most of the time if they are that far behind in rent then I would guess they don't have much in the estate, which in that case it wouldn't be worth your time. however, I had someone pass and I contacted a family member and they covered some of that.

Entertainment districts, restaurants, Supermarkets within close distance of the property.  

He said LLC's cause a serious problem when you want to transfer properties to a spouse, when transferring to children and when you pass away and your relatives inherit your properties.What the problem is; when you transfer properties, at least in California, to a spouse there are no capital gains taxes to pay, but when the property is in an LLC the property is no longer personal property.

Hi All,While there's a lot of buzz around Oregon's ADU laws in medium and larger cities, those with rural residential parcels may be interested to follow Senate Bill 391, which already passed the OR Senate and is in the House now.

That mentality will make you poor while others who took BOLD action will pass you buy.

Michigan passed the Headlee Amendment (http://www.legislature.mi.gov/(S(k5m2va1uyfgwtbyjf4nqb1bx))/mileg.aspx?

Assess the convenience of any potential investment property by considering typical walks to class, libraries, or—if applicable to your town—a downtown area (think shops, restaurants, or bars).Don’t expect tenants to sign long-term leases.Considering that the majority of renters will be students, tenant turnover will be high—undergraduates especially tend to change housing year to year, meaning renters who are willing to sign a lease over one year will be few and far-between.Instead, encourage lease “pass-downs”.One main concern in real estate investing is vacancies—a valid concern, especially in a college town, where the rental off-season between semesters will deplete the prospective rental pool.

I'd caution against setting up an STR in places without an ordinance (like Westminster for example), as more and more cities are passing restrictions.

Just like with new construction where builders are passing costs on to the buyers if you are flipping and you you purchased right in this market you hopefully will have an ARV to absorb the costs. 

So we don't run credit unless they pass the pre-screen and we can easily verify the basic stuff first.