The goal is to start getting your land-lording processes into place--how will you advertise, how will you screen, how will you collect rent, how will you deal with maintenance, who are you going to use as a lender, what is your process for bookkeeping and taxes.   

I just picked a Luxe collection medium queen and it is $1899.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Its super easy to setup and use, but it still comes packed full of great features and automation to prepare for tax season, but also for rent collection, transaction management, and so much more.

Having all my bills go on a credit card and paying them off last day in full. then collecting the bonus points on the card.

If we were to split like this on our current development, our engineers would collect 25 to 35 times as much as we paid them on a straight up fixed cost contract. 

So far we have collected about $280,000 but the borrower has been unable to pay us off.  

Collecting data nationwide would be a difficult undertaking.

@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc. 

Collecting 2-4 rents for 1 property tends to offset taxes more favorably.