I'm trying to figure out if I can get the consistency in MTR for the price I need to cover the mortgage. 

Waco is a great rental market because there are so many blue collar jobs that provide consistent demand for housing (I have heard that 80% of homes in Waco-proper are non owner occupied) but there is a lack of white collar jobs that would keep Baylor graduates here or bring working professionals from Austin/Dallas. 

Year leases offer consistent income (less chance of vacancy), and tenants can plan to vacate after a year.

Purchase price: $320,000 Cash invested: $15,000 Property consists of 4 quadplexes (16 Units), 8 two bedroom units and 8 one bedroom units.

Here’s how to take it further:Follow up consistently - If someone responds, follow up every few weeks to see if they have new deals that fit your criteria.Be specific - Clearly outline your preferred property type, location, condition, and price range to make it easier for wholesalers to keep you in mind.Build relationships - Try setting up a phone call instead of just texting.

We do a great job of bringing consistent deal flow to investors. 

There’s a huge difference between winging it and setting up a system that consistently brings in genuinely motivated sellers.Get a website, focus on the 3 pillars of conversion (look it up), and crush it.

It DOES NOT require a full gut rehab (rehab could consist of new kitchen, new bath(s), windows, flooring, paint, etc.

Unless you have consistent access to off market deal you will probably be wasting your time with this kind of investor.

The fact that they split the rent up makes it much, much easier to raise rents on students versus non-students.4) CONSISTENCY OF THE TENANT BASEBarring a catastrophic occurrence, the University will be there for a long time.