I am on the fence with the “optional” mentor program that offers more resources than spoken about on here, but even if I did and my first acquisition fee covered just that, it would be worth the investment. we do not know here whether or not the nay sayer here utilized all of the resources or not. 

Regarding property management, utilizing local property managers can save you time, and using PropStream effectively for filtering properties by distress level and location will certainly help with finding stronger deals.

I'm utilizing social media to the fullest with multiple groups that are centered around moving to Florida.

We don't have that guideline for cash-outs, we just utilize the 1007. 

I'm a member of one local STR page that vets owners by requiring they see a utility bill with the address and the owner's name.

Inspection Costs - $400 Lender Fees - $1,000 Closing Costs - $2,000 Mortgage Payments - $2,500 Property Taxes - $600 Utilities - $1,000 Insurance - $200 Commissions - $4,000 Selling Closing Costs - $4,000 Home Warranty - $500 Termite Letter - $100 MLS Fees - $100 

UTILITIES: Water and sewer service and curbside trash removal are provided to you.

Instead, can you just cover the utilities or go to the laundromat.

The one percent and 2 percent rule ive never looked at ... cap rate is .. meh .. its there - what im most concerned with is the price of the home relative to comparables and cash on cash to start.   9)  I look  the other way if it is a multi unit that is not separately metered - thats always one of my criteria here in pgh as there are a lot of older homes and a good portion you wind up worrying about who will cover utilities.  

@Justin Woods In order to utilize a cost segregation study, the property must be an investment property and placed in service.