Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Subscribe to the local service that publishes court filings.

But I do know that if I do choose to go out of state, I better known darn well why I'm not investing in Tacoma.Another piece of this... is that all the homes I"m finding locally that fit the numbers to produce cashflow (and there aren't many really, inventory is somewhat low), all need some work, or some substantial work.

Please advise as I want to avoid filing taxes in another state for 2015 just for owning a property for last 15 days which did not generate any income.

Every time an applicant hands you a check (or you write a check), the bank account information in regards to account number and routing number is right there at the bottom of the check.I don't need to know credit card numbers but even if an applicant doesn't want to tell me their bank account name/number the first check I get from them I enter this information into their folder just in case I might find myself filing for a bank garnishment on them sometime in the future.Gail

Cap rate is based off of the current income the property will produce.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

I do not see the bank loaning you the money without a security interest being filed on the property (mortgage). 

I wouldn't even bother asking you for paystubs, because we aren't going to consider what you claim you make ($1.2/month), nor are we going to consider your stated YTD earnings (unless it indicates declining income).Ballpark, so as not to bore you with too much minutiae: We're going to look at what you told the IRS you made when you filed your taxes, and do a 2 year average (1 yr if most recent year shows declining income).