Why spend 12% for someone to manage a property in good shape where you just collect rent and respond to an occasional need?

Essential Tools for Successful Pre-Foreclosure Prospecting To effectively prospect pre-foreclosures, investors need to leverage various tools and resources.

After tons of research, we've found that the resources, tools, and ongoing support they provide are truly unmatched.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

But I know there’s so much to learn from the collective wisdom of this community.Let’s share some insights:What’s been your most successful recent deal, and why?

Is there anyone in the Denver area that knows the early stages for subdividing land or what professionals I should turn to in order to start collecting some basic info?

The R2R team was great with communication, providing guidance and insights, and getting me in touch with the proper resources.

We have never collected that and it is not a significant cost.Also be very careful changing criteria mid stream, I would only change it between vacancies. 

There are plenty other resources but the first is to educate