I was feeling like maybe better deals are all off market and I wrote a couple "yellow letters" to word of mouth prospects (a friend knows a guy that knows a guy that owns this property that they may want to sell). and got a call back yesterday on one - I joked with my kids that I have a 50% response rate - 2 letters sent with one call back!

@Brent Coombs I don't want to put words in anybody's mouth, but I believe that if you look at it from an accounting point of view, the interest you pay is an expense and the principal you pay reduces the liability on your balance sheet.  

Otherwise you're likely just going on word of mouth which can be dangerous. 

I actually not really know if I need it, at this point at least, and, while what I am doing to build this business is all word of mouth right now. 

., replace a frig because there are roaches underneath it) the landlord can certainly feel free to open their mouth and say "Nope", and try not to chuckle at this request until they hang up the phone.Gail

I am new to this forum, I was introduced to biggerpockets by word of mouth from a fellow real estate investor whom approached me at my job.

Thanks Jeff.One attorney said we did not need a PPM, only a subscription agreement, as we are raising via word of mouth and it is a small raise.

On the other hand, many up there are hand-to-mouth, so when it tanks it tanks hard, so make sure that whatever you get you can afford to hold.

I usually end up paying $100 in materials.I'm not trying to take food out of your mouth, what i'm saying is, I don't want to pay $2000 for a $500 furnace, and then $2000 in 'labor' for a job that takes one guy and his Igor less than a full day to complete.One last thing, if you clear $240 for a furnace install (1-6 hours, it varies) you are KILLING it.  

I put my money where my mouth is too as all property I own are below market.It's a subjective balancing act though.