I'd take a hard look at the budget and takes steps to eliminate and minimize all re-occurring expenses. 

Quick and cheap might make better money but we care about making lives better too.I'm really looking forward to connecting with like minded folks who truly understand the value that real estate can play in eliminating the daily grind stress from your life (although we all know there's no shortage of other stresses that come along with it!).

I eliminate all corporate owners as they will be more sophisticated than I want to deal with.

I was speaking to Joe though and you can see that do I g it correctly eliminate 33% of his steps!  

@Mindy Jensen, an LLC (Limited Liability Company) by definition is intended to LIMIT the owners personal financial liability, but NOT to eliminate it.

So let's say you do raise rents to $750 like you believe you can (and do check Rentometer to confirm) you're indirectly eliminating the water bill.

I am a true believer in Parallel process and lien construction (the elimination of waste).My goal is to complete two 1400sqft additions in 3 months.

So, if the units each have a separate flood policy,  with the $250 fee totaling $2,000, it's possible to eliminate this cost. 

They have a qualifying LTV score that gets deducted as "deemed appropriate" for properties in high crime, rural, blacklisted area, low purchase price in last 24 months and so on.. decreasing or eliminating the investors chances of being approved in favorable terms.  

So if you really need a loan you can pretty much just eliminate traditional finance channels from your list of prospects.You should have no problem raising the money from your friends and family (may take several people).