Run through some of the features you will need like setting up a property, moving in a tenant, receiving rent payments, and publishing online applications.Pay attention to which platform feels the best to you as you perform these functions.

Some areas still offer strong appreciation potential along with steady cash flow, and when working with trusted lenders, you can find competitive rates in places like Memphis, Little Rock, and Oklahoma City, which tend to perform well on both fronts.

I even do write ups on my blog where I share their performance and outline the challenges I faced with each one.Why do I do this?

Since these were recorded C for deeds full foreclosures had to be done to get the folks out.. then the second one defaults. then the third.. 10 to 20% default rate is the norm with this type of deal.. next thing you know they cant pay the underlying and the sellers are screaming like stuck pigs.. ( the original seller) These guys had no money to prosecute the foreclosures so the people they sold to just squatted.. .

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.

Any one have any feedback on them and/or their performance? 

While this job could be performed remotely, working with my peers in person for at least a year is important to me.

Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

I'd guess half of this final third eventually sold, even if several years later.