I want 30 houses paid off and collect that check.

However, the rental income you collect should ideally cover these expenses and provide a positive cash flow.Distressed Sellers and Repairs:It's true that distressed properties might require more repairs initially.

(For months when the tenant moves in after the first of the month, it's best practice to collect an entire month's rent and pro-rate the second month.)What's done is done with this tenant.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Ideally the payments and collection have been administered by a third party title company (part of original agreement) and they will have a full 12-24 month payment history.

@Richard Hoyte you mean you are doubting that "tik toky" video you saw where you just sit back and collect mailbox money? 

We talk about and discuss different types of collectables. 

Monitor metrics like click-through rates, engagement, and conversions, and A/B test different ad copies, images, and targeting options to optimize performance.Ensure your ad links to a landing page with a clear call-to-action where sellers can easily contact you.

I would just use online free tools for application, screening and rent collection.