So you need to lock in Low rent at or under $12/sq foot if you want to survive in the coin laundry world.

Given the low purchase price, the financing was straightforward and quick, allowing us to close on the same day we found the deal and sell it immediately for a profit.

Most states have relatively low fees.

You could well to yoru relative so you/they avoid realtor fees, give them 5-10% in closing costs so they can walk in with low/no money down.

A simple house hack with cosmetic rehab will be the best low-risk high-return opportunity. 

So with mailers, you will ALWAYS target low-quality leads, because the high-quality leads, motivated sellers, do not wait for your mailer.Read my post here:https://www.biggerpockets.com/forums/93/topics/1215116-all-i...If you have more questions, ask away!

If your occupancy is low.  

Saving up for a cushion is key, but remember, you can also explore low-down-payment loans like FHA to get started sooner.

The lease price seems absurdly low. 

Shingles from Lowes was about $1200.