Many of the sellers stacked the properties with tenants who weren't paying and then when I bought the place the economy tanked which magnified the problem.My biggest issues are repairs (tenants trash the place) and making the tenants pay.

David,My agent has been the best at finding buy and hold property that perfectly fits my target numbers. 

Actual contracts would be perfect of at all possible,  but an outline of what the contracts should contain would be helpful also.  

I guess everyone has a start somewhere.I want to apologize to the world, bigger pockets and humanity for not being a perfect all knowing human being.I shouldn't have asked for the expertise and advise from more experienced people. 

Let’s say, after months of searching, you find the perfect rental property.

The reliability of the money is perfect.

Purchase price: $1,000,000 A portion of the site was once used as a small mobile home park with 2 wells & 4 or 5 septic tanks.

Thank goodness their lease is 6 months.The house is perfect for multigenerational living but this takes the cake ...

I was able to time up the loan process pretty much perfectly to time the appraisal for just when the remodel was completed.

Please don’t be fooled…YOU ARE CORRECT…There are too many people WAY…overspending on “ investment” properties….therefore… with mortgage debt too high… there …IS … no cash flow..To be perfectly honest and a little mean…… I am tracking the manes of the mentors and gurus in my town that aren’t raising hell about over spending…When / if the next crash happens, they will be all over the REIA circuit selling foreclosure and short sale courses…And I will be there too… asking open ended questions that lead to no other answer that… THE REIAs and the GURUS were a part of the reason that so many young naive investors went BK.and… yes… if the crash happens… I am locked and loaded.experience in Short Sales.. ( worked …IN… Bank of America’s short sale department… so I KNOW the process from their side of the transaction)killer cashKiller creditkiller Instinct