-Make sure the math works in regards to cash flow (perfect this by practicing daily) BP has numerous calculators in the TOOLS section- Get great systems in place - contracters, cpa, lawyers, real estate agent, accountants , rental documents prior to closing a deal etc- When taking a loan consider using leverage i.e. fha loan (3.5%), if youre a veteran (0%) percent down - make sure to include the associated PMI (mortgage insurance) in your calculations for cashflow that i spoke of in tip #3.Im a newbie myself and i am currently in my first contract for a MFH.

I am still emailing the Altisource associate preparing the docs, without response, LOL, so who knows, maybe they'll add it.  2)  If you have your brokerage license or an amenable agent, get your contractors and inspectors out there BEFORE the auction period starts to give you bids, even rough estimates. 

If the co-op allows you to sublease- they may have a fee associated with your right to sublease.

I carry language in my lease agreements now defining the rules as needing to be honored not only by the tenant, co-tenants, and children, but also the tenant's friends, associates, and family. 

There are less headaches associated with a better quality (i.e. higher paying) tenant, on average.

As you recall, I spent $1,130.00 for the removal of the tree, stump, petrified wood, installation of more gravel and labor associated therewith.

It has been prepared and approved by local realtor association (NVAR to be specific: That's short for Northern Virginia Association of Realtors).

There is to much risk associated with not being able to run a background check on the brothers in my opinion.Now in reality, the tenant will probably let his brothers live there if they are on the lease or not.

The other option is to call the city back and ask them what the price tag associated with the permits, fees, and violations to get it into working order and then deduct those from your purchase price.

Assuming your rental is in seattle or western WA, rental housing association (rhawa.org)  includes in their membership unlimited use of leases tailored for your area and type of property (in seattle/outside of,  and SFR or apartment).