Purchase price: $620,000 Cash invested: $20,000 Sale price: $727,000 Source: Cold CallPurchase: Off market with owner financing.Price: $620,000.

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

After seeing my borrowers numbers, the cashflow is extremely good.2) Yes!

One disadvantage of mini-splits is their inability to work effectively at extreme low temps, which we are bound to get a handful of times in Chicago.

I think you have found a way that works, but if holding that debt is extremely expensive it may not be worth it. 

But the truth is, cold texting is what gets people in trouble.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

That is pretty expensive and can be less effective during cold weather. 

Using our own cash we bought this at a extremely discounted price.  

I believe when you add a 3rd unit they do some extreme things like require you to add fire sprinklers throughout the property which is prohibitively expensive.