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Updated over 8 years ago on . Most recent reply

First Investment
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Learn your state landlord tenant codes, keep a copy handy at all times, get a team together and , my suggestion, stay away from SFHs. Multi units are you safest start point for beginners when cash flow is the priority.
Put as small of a DP as possible as equity in a rental is basically money lying dead eating up your cash flow.
Screening of tenants is your number one priority and keep in mind buying a occupied unit will likely require getting rid of tenants and replacing with your own selection.
Once you own a property, having fully learned the state landlord tenant codes, you then begin the arduous process of training tenants. This is where having tenants on M2M is particularly important. Tenants are like a puppy, you are fully responsible for training, assume they know nothing or have been very poorly trained in the past. Bad tenants are 9 time out of 10 the result of a landlord not properly training. Late payment for example is always the fault of poor training. Untrainable tenants need to be terminated.