I'm also pretty busy with a full-time job, so trying to vector towards passive investments.

I mark the applications down as they come in to keep track of the order in which people applied, and they have to follow up with employment verification, background check, references as well so I can tell who is the most qualified and serious applicant pretty easily. 

Keep in mind its end of year pretty much every seller and builder is offering a 2% seller credit its the norm.$50K in earnest is a lot and if the lender drops the ball are you positive they can get the credit denial out in time to refund the earnest?  

@Muhammad Kashif,Your options are pretty limited here since debt’s completely out of your picture.

LLCs are pretty expensive in California and so, may not be worth it.

You could get the DSCR on first and if your bank allows it do a second position HELOC on the investment property (this would be pretty rare if a bank allows this) but putting DSCR on second would not be ideal.

That's fine, i mean the profit and losses I've seen are pretty legit breakdowns.

Demo is easy, and sheet rock dust is the worst!

The housing market in Indy is pretty tight. 

They aren't cash flowing because we were leveraged pretty tight with equity from the other properties 7-10 years ago.