UMH is a large operator who has embraced this model with new homes.

The water heater should be operating and be no older than 10 years.

There are a lot of wholesalers that operate just fine w/o websites. 

We operate in over 12 different states, and can help guide you on connecting with the right people depending on the market.We've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets.

Hello All, I am jumping into a new partnership w/ a long time friend.We are going to draft up a operating agreement with a attorney.Anything specific that i should makesure is included in this agreement before finalizing.We will be going 50/50 on each deal as well as splitting the profits evenly. 

@Lawrence ChenThe first step I’d do is write down your goals and expectations for an investment - what cash flow do you want, how much time do you want to spend, what condition of home, what about a market attracts you, etc.Then once you have a better idea that, I’d recommend to start reaching out to agents who are also investors so you can learn how the local markets are operating and how the on-market MLS compares to off-market deals.Overall, the Midwest is great.

That website, and all the linked documents, are written like so many others whose operators are from outside the US (and have poor English language skills) and typically perpetuate loan scams on unsuspecting borrowers.Their “Terms & Conditions” document for the loan is a joke.And I can guarantee you that no real “private lender” is loaning money at what they’re advertising (i.e. $50k up to $800M @ 5% interest for 35 years).

You want to work with an accountant who is familiar with partnership taxation.Texas does not have a state income tax but they do have unique filing requirements for LLC's that operate out of the state.Good luck in your search for a CPA.

We have secured and currently operate 72 units in Florida.

Typically the big real estate brokerages in an area also operate a property management company.