Here is a fact, when you specialize and stay in one facet you miss deals.

In real estate investing and especially in tax planning, there is good reason to pay trained professionals for their specialty expertise.401k plan documents come from a range of providers, who draft the specialized trust and adoption agreement, and then have these documents certified for compliance by the IRS.The plan documents themselves, however, are just that... documents.  

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.You might consider Niche or Specialized Housing like student housing.

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

In addition to inspecting roofs, HVAC, electrical, can you think of any other things I should pay special attention to?

I'm no lawyer, so I would double check with one, but you should be able to offer a one-time discount on rent in the first month and still have the rent be $1,000 per month and thus be able to collect the maximum security deposit allowed by the state based on the normal monthly rate.At least in Michigan I've seen many first month free specials, and I doubt they are going without a security deposit.Word of caution though, these laws vary from state to state so double check with a local real estate lawyer.

Where most make a very time consuming mistake in RE investing is starting out with specialized markets, starting with some niche or strategy.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

You may use one between partners in an LLC in some situations where the LLC is in title.Any conveyance to a third party, an individual or any entity should use a warranty deed or a special warranty deed if there are reasons to except out some aspect as to any warranty in title, such as an underlying mortgage.

You want the ad to attract applicants and let you tell them you won't rent to them, not them decide they don't want the place before even seeing it.In a slow market, run a special to grab attention.