Anyone reading this thread should make it a point to read your state's real estate contract practice book or at minimum pull a list of all C.A.R. forms from the internet and read the title of each form and pick a few to read line by line to begin understanding the contract language. 

Hello, I have purchased 4 different asset manager lists over the past two years, but three were ineffective with outdated information and many email bounce-backs or returned mail.The best list I found was at RealEstateTargetdotcom; I did a successful snail mail and email campaign, and picked up three new banks and an account with LPS.I also cross referenced names on the list to see who was attending or speaking at various REO conferences, and made efforts to meet asset managers in person.

--Andrew CarnegieMy advice (which is not worthy of sharing the screen with a BP host/Prez) is to pick a market near you where you think you would like to own a property. 

For my last question, the reason I'm wondering if you can compare the two is because I don't know if I should pick one over the other. 

I like the idea...it's great to strike gold during the gold rush, but also, it ain't bad to sell picks and shovels either.

The contractor didn't want to pick them - it was a 15 mile drive (in California traffic, this would take a lot of time).

Pick one strategy and master the due diligence side of it.Another thing to keep in mind is how much capital you have, and how many properties you want to acquire.

Hi Celso,The BRRRR Strategy is all about picking the right location and lender.

I actually just made a whole video about how I pick virtual mailboxes on my YouTube Channel :)

I recommend AirDNA subscription for picking and evaluating both markets and individual properties, a little pricy, but if you are taking the investing seriously and with a long-time horizon, definitely worth it in my opinion