This seems unlikely in the long run. you are forgetting that someone is paying down your principal for you so you need to take that into consideration. 

@Mark Towey I don't "farm" areas personally, it doesn't really fit the niche I'm personally going after, but what I have heard from some major agents in my market lately is that farming is not near as productive as it used to. 

I agree that you can use a Realtor with a proven track record. 

Hi William, glad to have you as part of this community! 

Is this something you use outsourced resources, or are there others on staff that do handle this aspect of things? 

In fact they are probably using more labor hours.

Talk to your insurance carrier to make sure you have the right policy (may need to switch from regular homeowners to landlord policy) and look into an umbrella insurance policy.

With most auctions the buyer cannot get into the property and evaluate its condition.

But if you ever feel like you’re not scaling fast enough, you could look into the stacking strategy that Brandon Turner talks about.

My underwriting would have this large negative cash flow for 7 years.I would do a thorough underwriting but want to show using quick math the issue so I will use the 50% rule.