@Pauline Herschel Communication is key. 

Any tips?

LOL.. and those folks don't post on BP.. on BP its all blue sky rentals are the way to financial freedom quit your day job.. live the life you deserve etc etc.. well for some for sure.. for many NOPE.. they are like why did I do that.. and they exit no matter the loss.now this is more prevelant in the lower value asset markets.. not all markets are like this.But I look at when I started hard money lending in 01 for turn key and I started in Detroit.. the homes there appraised at that time for 120 to 140 each rented for what they rent for today 800 to 900 in those days the .05% rule was fine.. we loan 80k as a HML .. well those homes tanked as you probably know many went down to less than 10k in value.. thankfully the 200 plus I did there I got refinanced out of them all. but you know long term lender lost their lunch and so did most of the investors in those days.I am not prediciting another major meltdown.. but even  break even is not a good position to be in with rental properties in my humble opinion the risk/reward and hassle factor just weights on you.. but I know I am in the VAST minority in my thinking.So my thought is you really need to get these things paid for and keep them forever.. but life happens and I would say 80% of people that have that thought process going in never make it past about 7 or 8 years.

Thanks in advance for any tips!

WHAT AM I MISSING, WHAT SHOULD I THINK ABOUT,  I AM NOT INTO EXCEL CHARTS, AND CRUNCH NUMBERS, NO IDEA ABOUT THAT.I AM LOST AND CONFUSED, ANY TIPS I WILL APPRECIANTE FROM BP MEMBERS !

One reference has not called me back yet so if this moves forward I'll use those.Good tip on not using family, too.

Right under the dial is an override key hole. 

It seems like an intimidating process, any tips would be appreciated!

Hello all, I am new to the real estate niche and I had a question regarding my first investment. I would like to buy a single family home to rent out. I have 10k saved. what is the max loan limit you’d suggest for my ...

They key thing is to use an escrow company that you trust (since they will be handling the cash) and also make sure you trust the realtor you're working with.