HOLY CRAP... at 1650$/month that's a 25% cap rate at 70k purchase price...

When all the fancy guru crap is long gone and useless, the basic foundation of real estate principles will still apply.Good luck!

I've found no fewer than 9 multi family dwellings that are ripe for the plucking but I'm so broke I can't afford a free phone call. by my estimates, these properties combined would net me $8,600 a month in revenue depending on mortgage payments. it is painfully frustrating to see these numbers and not have the knowledge to obtain the capitol to put them in my portfolio.

Call on your neighbors if they aren't complying,, report their trash, their crap cars, their grass.. the overall curb appeal in the neighborhood will improve as well as the class of tenants.. help raise the bar.. and the rents..Photos of what's going on is fair way to approach the inspection department if you felt your being pressured.. but get in shape before you respond..

In my case it was a combination of my own capital and private funds that helped me get started.  

First l advertise cross streets a block away never exact address, second if someone call I will pre-screen them over the phone; does the price work for your budget, what do you do for a living, can you provide paystubs, can you pass a background check etc. then because I use lockbox most times I never give the code until first they send me a picture of their drivers license and second they are at the house with the lockbox in there hands to prevent them from even writing it down.Also they must call me back as soon as they are done looking before they leave the property for security reasons, make sure the keys are back in the box and combination is shuffled and of course to tell me what think about the place.

No mentor is looking for someone they have to teach everything to, people are looking to trade value and combine talents so they can accomplish more as a sum of parts than they can individually.

If you're combining IRA cash with a non-recourse loan on a rental property, you're going to have to pay UBIT which will eat into your returns rather dramatically.

All true pre-foreclosure information should be easily accessible via a general MLS Tax search or county search combined with Spokeo or Anywho to get phone numbers, but many other people will have that info.

What a bunch of crap!