That could generate a net cash flow of somewhere between $200-$500 a month, depending on loan terms and other expenses.The second scenario is based on quantity (cheap low cost homes) in the Midwest.

Quantity - Send out as many mailers as you can, consistently for 12 months.

Originally posted by @Ariel Cohen:@Rick Harmon I agree with Rick that buying a course is not going to be the main factor that gets you involved in REI.

If you can work your way into higher priced homes you can make a good living. the lower priced homes you are going to need a quantity of homes.

However inmates are not allowed to have large quantities of stamps. 

This system works for now, but I want to vastly increase the quantity of my offers.

I DID want to get the place fixed up and on the rental market ASAP since Jan- March are peak rental months here but compared to having to fork over large quantities of cash for keys, it's not that bad.

A combination of income (from rents and/or W2), equity, and cash reserves are what keeps you safe in the short term, and in this regard the quality and consistency of that income is more important than the quantity especially if you have a small portfolio.

Running property management services requires a license here in Georgia, or a relationship with a broker that essentially hires you under his wing as a contractor.To a large extent, Curt is right, if you don't follow a lot of finances and potentially regulation closely, you could see a lot of your profits and late night calls cutting into your lifestyle as the quantity grows.  

Janine Crumb If your strategy allows you to clear $800/door when others are clearing $100-200/door, then the quality more than makes up for quantity.