If you need to do Skip Tracing, mailers, and "Propstream", you don't understand the concept of motivated sellers, and that is why so many of you struggle.If you do not understand the concept of motivated sellers, how do you expect to be successful in finding them.I recommend you read my post here:https://www.biggerpockets.com/forums/93/topics/1215116-all-i...

You have been working so hard and are so motivated--- congrats on being so close!

Otherwise, you can end up being a motivated seller which is exactly what you do NOT want to have happen. 

The 1% rule incredibly flawed, even as a short form underwriting technique.

In the meantime, I've come to realise the PM is incredibly incompetent and unreliable, and have found a new one.

Focusing on cash will not motivate you long-term, especially through the trials you are facing now and will face in the future.Keep chasing the dream.

As a developer and land consultant, to have that kind of information at the forefront is incredibly valuable.Hopefully that helps.

That is to say that I've experienced the incredible power of an appreciating market and that makes it very tempting to want to keep my current house, rent it out and let it appreciate.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

The other thing to keep in mind with self-showing lockboxes is that it's incredibly easy for someone use it as rent scam.