What guarantees they'll be made whole in simple terms? 

Let's keep this as simple as possible....Ex 1: 3 single-family rentals, value $300-400 each.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

You can usually find some events by doing a simple google search.

Based on your comments, you are at risk of  gravitating towards the lower tier neighborhoods where the spreadsheets will suggest cash flow is better but excel spreadsheets don't tell the whole story. 

Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.

Hi Paul i am a lien holder and 2 properties in NJ become abandoned and vacant, (GOT LETTERS), can you suggest an attorney  to do quick foreclosure, i know it can be done in 60 days on those type of properties, thanks, Julia

My book on Turnkey Real Estate Investing - Simple Concepts to Overcome Analysis Paralysis and Acquire Your First Rental Property in 29 Days (this title is a work in progress) should be released before the end of October.

We like the KISS method (keep it simple & for the stupid)

Thanks for sharing your knowledge For a rough calculation you could take the annualized P&I payments / the purchase price. 1256*12= 15,072 / 75000= 20% annualized returnI use a simple xls spreadsheet with Present Value (PV) macros to calculate my offers based on P&I payment and remaining term.