re: Information for my fellow Real Estate Investors

Damn! We are on fire right now. Just made another offer on another rental property that is already tenant occupied, and got it. Wasn't on the market but got a lead from our realtor. Spec's below.

3 bedroom/1 1/2bath
right at 1,000 sqft
Needs some light repairs, approx. $2,500 but nothing urgent.
Offer price $65K and got it with no counter
Rent is currently $1,000 per month

Currently have two houses under contract to add to the rental portfolio. Have talked to our realtor about switching him into a property manager role for us. Real job for me has gotten more busy and I feel like its time to start paying someone to take care of things and make this more "passive" for us. He is making us a great deal for management and I am looking forward to not fielding calls about rent.