Those rules are primarily implemented to determine the value that will make an investment property have positive cash flow.Some areas, like NYC, the 1% rule is almost impossible to obtain.

Take advantage of your earlier start by working in your exercise first thing.If you struggle to implement these changes, remind yourself you are doing this for the sake of your business.

I currently have properties in Granite City, IL but am looking to buy in the Edwardsville/Glen Carbon area as well.

Ultimately your parents will most likely need a attorney and financial advisor to collaborate to implement the best plan for your parents.

We don't really have a check list that we follow, however these are the things we look for when we do complete an inspection:- Smoke and Carbon detectors are operational- No apparent leaks when running faucets and toilets.

I have definitely considering and plan on implementing much of what you said as I build my investment portfolio and business.At this point I have a Deal In front of me and I am trying to train my brain to think, how I can get this deal.

Then follow that up with offers in the mail, the cold call...RE...is all about engineering processes...test, adjust, implement, repeat

(Also, it's a good idea to go ahead and implement a late payment system if you don't already have one).

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)