I would get a copy of the rental agreement and see when it expires and if there is any language preventing new ownership from increasing rents.

If owner then I need copies of the 3 past bills.3.

There were additional charges for additional copies of mgmt reports, attending additional meetings besides the annual meeting, etc.

You set the guidelines for them and let them do what they do best, find you deals that meet your criteria and write offers on them.You want to make it easy for them to get offers signed and filled out and make sure they have all your important docs (LLC declaration, copies of EMD checks, and if possible a form style PDF offer that you have already signed and has all the same language you need for an offer).Another good thing to have is an appraiser friend.

.#2 Check references if all possible #3 Get a copy of Insurance Certificte prior to having them on premises for the job.#4 Have some professional inspect the job upon completion# Licensed with local municipality.

At any point I can create an "accountant's copy" of my QB, send it to my CPA via email, he can massage anything that looks out of sorts, send the changed copy back to me by email, and then I can get those changes into my QB.In Quickbooks, I generate my Jan 1 reports to see who gets sent a 1099 (I pick up 1099 blank forms at the local IRS office and write out the 1099 by hand).Newer versions of Quickbooks seem to support lots more than what I am doing too.

For those who are interested here's a copy of my notes:https://docs.google.com/open?

I will send you a copy of the list by email.

I almost never recommend books to anybody, but I've told a handful of people to go out and buy this (I even bought a copy for my brother).I think the fear amongst your friends of investing in real estate is akin to your fear of leaving your day job.

I received a call from their real estate department a few hours later saying that they need: 2009 and 2010 tax returns, a current year profit & loss statement for my LLC (which owns the property), copy of my drivers license, a copy of a utility bill, and proof of paid up taxes.