Hello,I am getting all my property management documents and software in order before I buy my first rental property so that when I buy it will be a smooth transition, Beside the lease and application, what other documents should I have in my files so that i am prepared (pet agreement, inspection checklist etc.) .

We love to buy the properties that others walk away from.

The GP got screwed and were force to buy the LPs shares at X$/share.

Still dealing with not having rent in hand, but feel much better knowing they didn’t maliciously report their payment as fraud to buy themselves another week.

John,I am in Florida as well and both TN & AL are both great spots to buy a MF property.

I am not currently planning to buy additional real estate.

However, you will need cash reserves and cash for downpayment/closing costs, so until you have that part shored up, I think I'd wait to buy, but continue analyzing deals.

I am in Missouri right now staying in cheap hotels for work, I got out here a month or two ago and the plan has been to buy a property, preferably a duplex.I did pretty well selling solar last year and have saved up some cash to use as a downpayment for the first property.

wherever you are looking for land I'd argue it's a bad strategy unless you are buying for pennies on the dollar. where I'm at in columbus ohio there is a 12 months supply of land on the market so it's a buyer's market. unless the market is a seller's market which can be established with a real estate agent (less than 6 months supply on the market, and really I'd say 3 months), then I'd avoid this strategy 

Buying units where I am is often owned by older landlords that have left the rent very low.