As the options come in you or someone needs to analyze their potential, do a drive by, get in to see it, and then someone would need to estimate the rehab - a quick way to do this yourself is ask three different GCs what their price per square foot is on a full gut and average them out and use that price per square foot for your rehab estimates.But let's say you get a funnel started and even analyzers to pick out the gems among the muck, now you need your contractor to come in and give you his estimate and then you need your financing lined up and get your term sheet based on your offer, the rehab, and what you think the ARV will be. 

I've seen every lawyer within an hour's drive and most of them ask "why would you need to start an LLC?"

I wouldn't buy a property based on numbers from a turnkey company, agent or wholesaler, but fly or drive out and look at the property and neighborhoods.

You can even create a balance sheet if you want to get crazy.I definitely recommend scanning all of your documents associated with the rental using a free app like Genius Scan and get those into some sort of digital document management platform such as Google Drive, Dropbox, etc.

I think it is beneficial to visit the area you are going to invest in, meet the team you will be working with, and explore the neighborhoods by driving around.

Hi Julio,Depending on how many properties you own/Value of said properties and your loan balance.There are some private lenders willing to blanket 2nd position loans if the LTV they are at feels safe.

@Pat Aboukhaled You always give such great advice with super examples which drive home the points:)

Mail out flyers is the best way.You can drive around the area that you are interested and see if it looks abandoned and find the owner.It's off-market so it means a lot of manual work on finding them. do a simple internet search and you will find many ways.

I guess I always played it safe because of the security blanket it offered me.

Initially started local, when market too high locally, researched fastest growing markets within driving distance, invested there.