I think it makes most sense to create a buyer's list, and then move to contacting prospecting sellers.

Towards the end of the year I was down to my last couple of grand until I had finally seen the results of my prospecting throughout the year.

Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

But doesn't have any property advertising, prospective tenant applications/screening, or any of that side of the business. 

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The wrong tenant can lead to non-payment, evictions, and property damage.

If these type of damages occur in the future, I would recommend holding the tenants deposit, or if there is a claim to be made through the insurance you sell them you could approach that avenue.

Houfy now has a damage protection plan that costs the guests $5 a night and does light identity screening through SuperHog. 

On the other, the prospect of short-selling the homes didnt look so awesome either.