My principle instrument was french horn.Sounds like you're well versed with your analysis.

Automate things as much as possible.

Automated post cards may fit nicely into your budget, just remember that the response rate is such that you'll need to send far more to achieve the same results.

I am analyzing a portfolio of rentals in a southeast state and am starting to review Automated Valuation Models and providers.

Hi Joel,I am looking for a relatively inexpensive yet more accurate automated valuation model for an initial analysis of this pool and other properties we may fund.

It included google earth, ability to find a lenders list, ability to create a quick buyers & sellers list, website creation, Squeeze page creation, automation when someone puts in info email is sent to them. finding current foreclosures,etc, Ability to give accurate information on Value of property, what sold,is selling,etc.What do you recommend for websites to use for these things?

I struggled through Mech Eng with a minor in EE.Then ended up in drive control automation & traveled the world on contract jobs.But that minor in EE saved me a lot of $$$ when renovating homes esp splitting the services for myself & others.If you're serious about RE investment an engineering background will save you a fortune & give you valuable insight into structural re-design (assuming you take some design courses) when you blow out the walls etc of an older home or add a room above an attached garage etc.It's a great discipline & you will never regret finishing.

The reason a Purchase Money Note, as a debt instrument is preferable is because of the possibility of a seller-come-creditor having some ability to have recourse on the borrower, where it it is argued that obligation is a promise to pay by the purchaser.

NPL's trade at the discounts they trade at due to the lack of cash flow and the additional capital costs to enforce the remedies provided in the note and security instrument.

Great response from Jon.If you borrow the funds needed from someone you know, you can record a second lien againstbthebpropertybto provide your lender a security instrument.