https://louisvilleky.gov/government/housing/lead-safe-louisv...

Quote from @Donald Hatter: Pros:- Builders have many homes to sell at one time so it is easier to negotiate a better deal than with a home owner in the same neighborhood who is trying to sell their primary residence - Buyers bust out of deals all the time and builders don't like holding completed homes- Lower maintenance which leads to easier property management expenses.  

- Zillow is the #1 source of tenant leads, with it's other websites Trulia & Hotpads. - What is your PMC charging for Tenant Placement?

Because (while I know emotions aren't supposed to lead the day on this!)

and you may have to contact several hundred leads just to get a deal.do you know which types of leads you will go after? 

I have a lead on a property that was north of $2M during the peak but I have heard the area has seen pricing coming back to reality and would be curious to get a sense for how values are faring in the area. 

We’ll use these as visual aids in our presentations to investors, during dispo of fix and flips, and for our property managers to show prospective out-of-town tenant leads. 

If you’re nervous, dig into local investor clubs.. from what I’ve heard, even in London you’ll find groups meeting over coffee, talking shop, and sharing leads.

You make a commission off the sales and they provide the leads, systems for you to work.

Realistically, many properties that go to auction may be in such bad shape that they don't justify the high bidding amounts, leading to losses as I mention above.