Again, he's paid up and you guys have a contract, you don't want to be the one to breach that contract.Also, and most important, I would be VERY careful about increasing the rent simply because there are three men living in your unit.

I feel the important issue is to get the home sold as quickly as possible, to avoid carrying costs.

I think it's important to find an investor-friendly attorney.

The deal structure is just as important as the price because you get more into the income approach versus the sales comparison approach with SFR.How hands on you want to be, what returns you can find locally in your market, and you long term goals are key.I have some clients that want more yield and are willing to deal with headaches to get it.

The "Learn" link across the top navigation bar has lots of great info, and most importantly, the BP members!

That's an important thing to bear in mind.

With that said cash flow is very important and hard to obtain much of it in many areas.

Job is the most important item.

It's important to have this to make sure you are both covered and know what's going to happen when issues arise.

I'd say one of the most important things you need to do is get up to speed on the market you're interested in.