But digging into old rental listings can help you get a better understanding of what their financials SHOULD look like, and allow you to put a real number on paper. 

I am beginning to learn that  I may not always find a tenant who is perfect on paper. 

It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate.With the proper guidance, you can grow a successful portfolio with the right team.Feel free to connect if you have questions.

Most investors buy in this space because it aligns with capabilities and are chasing the paper returns that appear better than more stable neghborhoods but its truthfully very difficult to realize gains in this space, especially passively.  

I own a small portfolio of land paper that EJD Land holds but have access to millions to sell.  

It may take a person average $0.5 material cost (card or paper and envelope, ink and postage) and plus whatever cost they view their labor cost is to send one mail out.

I'd suggest reading up on the topic on the forums, where you'll find many examples of inexperienced investors crashing and burning hard trying to do out of state (OOS) REI...the story is usually the same--they had no experience with REI, they couldn't find any cashflowing properties locally, but they saw that properties in other states (often the Midwest) cashflowed well on paper.

(50% LTV low enough to where if it doesn't cash flow, who cares, lender can take a property at twice the value of the loan)..Theres other sub-1 DSCR situations that make sense at least in reality (vs. not in paper), but this is generally the way to make these deals make sense in this context (high value no cash flow markets like CA)

NOPE denied.. 1st comment - congrats on the overall success2nd comment - this must have been long time ago, when they insisted on paper.

That all sounds fine and dandy but from my experience with purchasing my first home, the bank wanted to a paper trail of where every single cent came from-- I did FHA 3.5%.