Vet your contractors and hold them accountable.

Fake income documents are easily purchased online, and inexperienced screeners often miss red flags.

Take the average household income in an area of working class residents. 

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.

There are many service companies that will manage seller finance notes including the payments, escrow accounts, and documentation. 

Can you set up an account and post a rental directly on Zillow if you are not a realtor? 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.

Secure income from a thriving business as well.

I would be curious if Pricelabs has taken into account the sudden need for temp housing or if it is just on autopilot.