You'll make dozens if not a hundred written offers before you land the first deal.Best of luck.

Our mortgage is $1300 and I would like to atleast break even or try and make a couple hundred bucks a month on it.

@Marcus Jackson I know how to run comps, I just won't have TIME to do them all if I'm getting hundreds of calls/month.

Thats a couple hundred dollars every month in cash flow.  

Ask anyone who has owned in this town for long and you will quickly discover how they made hundreds of thousands of dollars and in many cases just by paying their own personal mortgage.

Think about it: do you really want a few hundred bucks from someone who may take up months of your life, complain that you are ripping them off, and may even fail the deal?

You may send out hundreds of letters, and get dozens of phone calls and a few interested sellers and maybe one deal.  

Nothing like that adrenaline rush from spending hundreds of thousands of dollars in a go ;)I like to meet my potential tenants in person after screening, start building trust and making sure I'm not a faceless bank account to them.

If you can't spend at least up to a few hundred for legal one time then I do not know what else to say.

We have handled hundreds of buy and hold rentals in Michigan, so if we can ever be of help just let us know.