Look to Detroit, certainly not a small town, but even there the population remaining is not sufficient to keep properties occupied and retain values.Land and improvements owned is a good hedge as rents or income produced does not hinge on meeting any liabilities, with the exception of taxes.

Not my bank stmt.No bearing on negotiations Each deal is its own llc with own business account.Its own mortgage or cash deal.So do you have your bank draft a letter verifying you have sufficient funds for the offer?

Your application seems to be missing something that goes a bit like this: I/We understand and agree that any missing information, or fraudulent or false or misleading information, provided on this application, is sufficient reason for rejection of this application.That would have rejected both of those tenant groups that you described.

Due to this I've decided to work 3 more years, build up a sufficient bank roll then quit my job as a Carpenter & become a full-time Flipper.Of coarse I have tons to learn before embarking on this but I have all the enthusiasm and motivation in the world!

Is there a certain quantity of notes to buy to be able to offer this figure or is that an unreasonable percentage to even go for?

Warren Buffet said it best in an interview when he said its impossible to purchase such a large quantity of homes, and place proper teams to manage the rehab, sale, and property management needed to make such a large quantity of homes perform to their potential, over such a large geographical area such as the United States.

Would need to find the proper people to pitch it to and figure out how to pitch it...As of now my plan of attack is to build up a sufficient savings to quit my current job as a Carpenter and support multiple flips/year.

Or is it sufficient to take digital photos which are watermarked with the date?

Houses with peeling up roof shingles are simple enough, but those with peeling paint on wood trim might not be sufficient to mail a letter?

Is $1MM landlord insurance each sufficient or overkill?