My list includes:• Getting new keys for the units• Writing a welcome letter that introduces myself as the property manager - not the owner• Doing an inspection of their unit to see any deferred maintenance that may need to be addressed• Setting up how they will be paying their rent moving forward - I was thinking of direct deposit but thoughts/suggestions on this would be helpful tooSome info about the tenants if this helps; They are a married couple with 3 kids and two cats.

I live in Concord with my wife and 4 kids.

I do have 2 kids and most the multifamilies are 2bd but I think we can survive for a year.I know this as lot but I'm just trying to plan my steps.

I think you would be better suited using that money towards repairs to BUILD equity rather than PAY for it up front, also if it does need repairs, do em at the end when you want to sell , college kids don't necessarily need granite and stainless steel appliances quite yet :)Just need to run your numbers prior, discuss strategy, and let it rip :)Let me know if i can be of any help

Did you explore buying them in person at courthouse auctions, or does Clark County do that?

I like to tell my clients who struggle with the concept that cashflow pays for your kids lunch- which is great, we have to eat, but appreciation pays for their college.With very few exceptions, you need both in order to thrive in REI.

Hi Everyone,
I have been lurking around BP for a couple months, signed up about a week ago, made a few contacts and have finally decided to introduce myself to you all. 
Tell us about your RE Investing journey? I ha...

It was a small efficient electric tankless water heater.The bedroomThe bedroom has enough space to fit a bunk bed for 2 kids + a bed for the mother.

I have a couple of leads where a cash offer does not work for the seller and so I'm exploring other financing strategies.

Another neat thing to explore is Particle.io, they have some really neat and affordable single board computers that have cellular/cloud connectivity, can hook them up to things like submetered water meters, door sensors, etc...