If the information is good information, and you work hard to implement those systems, you will have a high rate of success.I met a guy that told me he has been going to bootcamps and workshops for over 20 years and he still hasn't purchased any real estate besides his own primary residence.Becoming a successful Real Estate Investor starts with your mindset.

Google and see what you can find, zillow has an excellent marketplace/rating system for different mortgage providers.Also, do you really need a realtor experienced in foreclosures?

You also want the following:personal property and equipment inventorycopies of all service contractsany available blueprints or surveyscopies of any equipment warrantiescopies of all leases and a rent roll ( the two should match up)list of security deposits (should match leases)list of employees and salaries (contracts if any)have all the building systems inspectedpersonally walk every unit (verify they are occupied and overall condition)I would get a phase 1 environmental for a property that large, if sellers can provide one greatThese are after you have signed a purchase agreement.

Learn her system inside and out first.

We find this to be a much better delivery system than your typical design - bid - build process that your are planning on utilizing.

While Don Campbell and his protégés do have knowledge and experience to provide as does Peter Kinch (Canadian Real Estate Action Plan), but they are members of the Guru tribe that make a business of marketing seminars and "systems" (e.g.

If you put a good system in place to manage your properties, it shouldn't matter if your investments are just down the street or clear across the country.

If it were me I would definitely want the power on to see if the a/c and heat work if the electrical systems work properly and just to make sure that you can see the actual condition of the place first.

I'm not suggesting that anyone should abuse this position, but it's comforting to know that I have strong laws and court systems to turn to if it goes south.I realize from a financial perspective, it's a loss going the eviction route, but part of me is really enjoying the whole process.

The biggest impediment is the horrible system our state has for municipal finance, but we can save that for another time.