Something to watch out for is that many of them suffer from very high fees, very little sponsor skin in the game and much less sponsor experience then accredited offerings.The best answer for you will depend on your risk tolerance and a conservative investor will have different choices than an aggressive one.

For the most part, there is no income verification (although you'll need the operating income statement and the leases for the property).The first choice should be local banks and credit unions, then conventional/commercial lenders for loans over a million, but if you've exhausted those options, a portfolio lender will be able to help. 

I was 24 when I discovered real estate investing and have had setbacks and probably could have made better choices to get myself an investment property sooner.

Because 1) they are now in violation of the original lease and I can increase the rent and/or security to accommodate my needs and 2) now I have another person of legal age to go after to arrears, damages, etc...This does not mean I will increase the rent and/or the security, but I have my choice as they are in violation, and, if I do approve the "new" person, I have them complete an application as well.  

There is no new legal binding contract in place yet..... if they are in-fighting, you have every right to get that worked out before any contrsct is signedI would basically set a date for their final decision..... and let them make it....Three outcomes(1) Two girls stay and renew and find another roommate you screen and approve- until then they pay ALL the rent(2) They all agree to suck it up and all renew..... probably wont work out in long run....(3) The girls go and he stays....you lose 2/3 of tenants.... not a great choice(4) All three are out and you start again.....Personally if the 2 girls have been good tenants and they want him gone, I err towards their decision...... they are kicking him to the curb......not you

I say “little to no involvement” because well… it’s true nothing is truly 100% passive but this is pretty darn close… once you believe in the asset class as THE choice investment, it’s going to take time to find a team of operators that you trust and get to know.

of the list personally to live somewhere I would only consider Boise.. real estate is real estate.. but again personal choice..

Not sure OOS turnkey in a market I know nothing about would be my choice if $20k represented a large part of my world.If I was sinking a ton of my available capital into a basket, I'd want it in a basket I knew well and I could keep an eye on.Anyway, I'm also considering exchanging some into a new OOS market. 

You've got no choice...you have to suffer through today and hope that the tenants rise to the occasion and get it done. 

Hi EveryoneFirst post here on bigger pockets and hopefully will have a lot more to come.    I'm just beginning my real estate investor journey and am looking for some advice on the best way to handle my jump into the ...