Well, I'm watching Shark Tank on TV, some of the stuff people come up with....LOL it's interesting seeing how of the sharks think and their comments....so let's play itNothing personal here, so....You're asking for is a job, a $72,000 annualized salary as a draw (is this a draw that you repay or that you're sucking out of the entity from day one?)

I would set the days and time slots I am available and the applicants would sign up.

Anyone out there use Property Shark?

I feel that it is very competitive in this business that has razor thin margins. 

It used up one of my 10 slots.  

If anyone in PR has any information on where to find good deals (other than classifieds, zillow, point2home and property shark), please send me a message. 

@Traver Freeman  then what I would do is forget buying one rental out of state.. you should be looking for a 4 plex were you live.. 3.5 % down FHA even a 800k property is only 30k down.. you live in one unit. the other will most likely cover your nut.. you refi out in one year then do it all over again until you have 16 doors all in SOCAL then you will be truly home free... your right 200 a month cash flow if you cannot get scale is a slow bleed many times. you must be careful with your credit. and our loan slots...

What is sometimes harder is the reserve requirements that increase as you add properties in your name - especially when you split properties and income between yourself and your wife to have more Fannie Mae loan slots available.  

And often times, taking tremendous risks require you to have a razor focus.

BTW, they count my house in Japan as one of my conventional slots even though it's a Japanese bank loan.