Hi BP community, My name Eduardo (Eddie) Rodriguez and I like to use a list for brevity and accuracy my intro as follows:I have no background in real estate but own 3 properties; only renting one I live in one and one is in transition to sell or fix up and rent.

Here is what people need to understand - skiptracing accuracy, in general, is low. you need to cover a LOT of data and a LOT of phone calls (by the thousands) to cover for the inaccuracy and make it a long term strategy. 

I'm trying to cut costs and also get access to more accurate data (addresses. phone numbers) and heard that TLO, Lexis Nexus, and Tracers are the best when it comes to accuracy. 

You can also lose a lot of money on 2% "deals" in my market, because of taxes and other expenses not common to other markets.IRR is a great metric, but it's hard to use for long-term buy and hold because you have to project an exit time and amount with reasonable accuracy. 

I have heard of calling police station to ask about the address/ recent crimes and stating you are investor, but this is obviously not the routine when initially checking on many potential out of state investment properties at once. im sure some of you have your 4-5 websites in order that you use to analyze an out of state property. as of now I use google maps and the 360 view to cruz the nearest streets and intersection. then I go to rentometer dot com to look up avg rents. and their claimed accuracy. then I look comps on Zillow for value. even any sites used when checking on rental potential or the growth in the area for solid rental occupancy in the future would be extremely helpful. thx :)other than that im very curious what are routine habits for others!!  

You'd likely end up with less data points but (from one random persons perspective) more accuracy.  

One in my name, one in my companie's(if that matters), both bring in 15%+ cap rate and worth at a min 75k together (haven't gotten them appraised for accuracy).

If you are worried make sure you have written criteria that includes demeanor in person, quality of communication during the application process, completeness and accuracy of provided information.

I'd say the accuracy rate is about 85%.

Big capital expenses like a water heater will always be depreciation, little routine things like light bulbs will always be repairs, but there's some amount of discretion for everything in the middle and depending on your tax professional's interpretation of the tax code.Q2: Both are wrong if we're going off of tax returns, or at least both were relayed with less than 100% accuracy into this post.