My first answer is nobody knows.I have got several deals in couple of days before.

I have contacted family members in the past with literal hand written letters.

I'm in a couple of funds so the range is 10-12%.  

A couple of years ago there was an excellent long article on BP about all the things to look for and ask when interviewing property managers. 

So on one hand, they couldn't afford to take on more NPAs.

@Loren Souers Couple of questions. 

Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area. 

Assuming you could take out a couple 100k you would have the buying power to start a cash recycling business (brrring or flipping).

If they don't have the energy to do 5 deal analysis, then they will want their hands held by the coach all the way thru and that won't work. 

I currently work with investors to build their portfolios with Turn-key long-term rentals, making it hands-free for the investors.