I'm also intrigued by the potential of adding living space through attic conversions or finishing basements—those tend to be great value-adds without having to expand the home's footprint.I'm curious, though—do you find that the ROI varies significantly between markets or property types?

I will just give you an opportunity to make your own decision.What is the conversion rate of all these strategies?

I'd love to have a conversation with you and bounce some ideas around.

An active wholesaler and houseflipper in my market says that newer investors should expect to spend nearly $5,000 on 1,000 mailers for 6 months just to generate 1 quality lead (citing a .1% conversion rate).

If you can expand upon on your post by highlighting neighborhood fundamentals that indicate the neighborhood is going to change we can have an entirely different conversation  but I did not get that feeling based on the information you shared.

I get that this is probably a post to engage in conversations.... but I will play this game.

Cody sure knows marketing as I am now in his marketing funnel and have had 1 conversation with his sales department.

If you're looking to have a LTR cash flow immediately in this market, that is a conversation for another time/post! 

Also interested in agent referrals, a whole other ballpark I have not began to look into.Question for anyone who cold calls: What's your pickup rate and overall conversion rate?

Contact the tenant, have a conversation about retaining a portion of the deposit (probably going to have to cut them a break), get them to agree, put it in writing for both parties to sign, and send them the remainder.