Just because you might have 125% debt coverage and adequate collateral with good credit doesn't mean you have the ability to endless funding, lots of factors play in to the picture that are beyond your control. :)

I haven't verified this yet with the local town..

Should I get on the phone first and call some local investors that I see putting ads/signs up all over town and see what they are looking for?

Bill Im liking what you are saying so far..and their ability to control my sales is what concerns me.

I just joined and am amazed at how many people are on here from our little town.

Been reading the books and dragging my feet for years while I established my professional career (love it, not looking to leave, just supplement).So I live in a nice college town where occupancy rates are high and the leases run 12 mos. and I'm ready to get into the game.

OK, again (if you didn't read my 1st post) I live in a nice college town with high occupancy rates, good rental rates, inexpensive properties, etc.

So I congratulate my clients on being a homeowner but I also tell them they control the property as long as they pay their mortgage.

While I agree with the above replies, this property is located in a military town(Ft Hood) and it does happen where people want to rent sight unseen.

The trustor is the creator of the trust and they maintain control of the trust during their lifetime.