Last thing your going to do is educate a newer person on how to go out and beat you to your deals.I suspect this is starting to happen in these other markets.Along with price points... lower the bar of entry to a given market the more folks can enter.And I think what most folks realize after time that as you state this is a mid level corporate or business enterprise if one is to make any serious money at it.. other than the occasional flip they stumble into.One of the reasons turn key is so dog gone hot in most markets is investors will generally learn that anyone can get into the rental game.. but most have a very difficult breaking into the flipping game unless they are well capitalized and knowledgable on all aspects of lead generation.

If you don't choose Memphis for the subsequent property you add another market to visit, another PM to interact with, another market to track, etc.  

Have all significant requests and subsequent agreements clarified in writing.3.

My subsequent lack of progress was an education in itself: it taught me that I need to commit to what I want or it will never appear in my life.

This often leads to new landlords accepting a tenant they shouldn't and subsequent problems.

Seeing as how this was going to take a massive amount of time, I inquired how much he would charge to prep and subsequently paint the entire house (including finishing the casing).

As mentioned most of the people here that have a lot of success point out they keep following up and usually get a lot more leads, and deals, as they send subsequent pieces.$2,500 is not a bad little nest egg to start with, but if you are outsourcing your letters that really is only going to get you about ~4.5 mailings at 500 each time.

Putting grand titles on what is obviously a small enterprise is pretty silly, it's not going to impress those in business.

We were disappointed to find that prospective tenants failed to quickly add our competitor's rent and their subsequent utility bills to discover we were the better deal. 

It was built in 1998 and is in good shape and located in the Enterprise area near Fort Rucker.