Quote from @Matt Weddon: Really what generated this question was a section from Brandon and Heather Turner's Management Book, which has been incredibly informative and helpful.

I would like to start generating some passive-income and start with some residential properties in my initial portfolio.   

I completely agree that flips must be completed fast to keep the cash mobile so it can generate yet more cash.

Most of our team leads are generated on YouTube with long-form content, neighborhood reviews, market updates etc.

It’s fantastic that you’re diving into real estate investing.. especially multifamily properties, which can be a powerful way to build wealth and generate consistent cash flow.

If they don't have assets or well paid employment, I would consider the offer of the payment plan.

Account Closed You can do automated lead generation in several ways, depending on whether you're looking for seller leads, buyer leads or private lender leads.Seller Leads: (1) Lead Swiper (online lead search with dozens of targeted searches), (2) Instant Leads -- direct access to listed properties nationwide with a click (3) OfferBot, automated offer making software (I use this every day) (4) Direct Mail Connect (upload your own list or use lists out of Freedomsoft) -- my team manages a ton of direct mail in my real estate business using this, (5) SMS lead generation (I use this every day)...and that's just scratching the surface.Buyer Leads: (1) Nationwide Cash Buyer database (millions of buyer records at the click of a mouse) -- including buyer name, address and all property addresses they've bought including closing dates and prices paid

I may try a few more "flips" just for fun, but I also have money invested in Groundfloor, Fundrise, and other income-generating investments to compare (and those ones I spend little to no time on). 

If you've been active in this business and actively pursuing a profit during the year, the loss the business generates could help offset other income on your tax return. 

Your lender should be able to help dispute the appraisal if there are clear inconsistencies or missing information, especially now that the property is rented and generating income.It might also be worth exploring other lending options, as some lenders have more flexibility with appraisals or different processes that could work better for your situation.