But we all know that some homeowners respond to  that personal, yellow letter approach.Companies like ours don't just provide a national brand, but we also provide the marketing and lead management systems that help our licensees or franchisees to succeed.For you guys who are newer, I think there WILL be great value to being part of a national brand like ours or HomeVestors - when you are READY for that.  

Knowing the court system in your state is extremely important.  

I amy be a bit biased, but after working with investors form all over the globe, the one thing I have learned is that the venture is largely hinged on the front end of the transaction that  utilizing a reliable higher local provider with sophisticated operations and systems not just plans of how they will help you acquire, repair and pas you along to a magnet company.

Perhaps they can find another deal just like this one and I can be on the short list to buy.Once you know how the system works, you can work the system.Good job!

I'm curious to hear other's systems for marketing plans.I'm playing around with the idea of having a variable system based on quarter.I.E.

When we pay a sub we assign the invoice to an address. etc.with quickbooks, we get a p&L for each address worked on. we also get a p&L for each rental property. by using QB we track everything by category and by property.if you are asking now it is probably too late. if you don't have an accounting system already set up, why do you need one now. just keep track of whatever you can and keep moving forward.

If you are paying utilities that can be $100+ a month per unit easy and can kill your cash flowFor capex you should keep track of all major systems and appliances and when you will need to replace and work backwards from there for capex

Depending on the size of your units, have you looked into ductless air conditioning?

My local market is limited and has weird economic dynamics that make me think about investing remotely every day.While "YES" remote investing is certainly possible, I see that the only way to be successful is to have robust and redundant systems in place in your remote market. 

Also for the most part $50k neighborhoods are not the greatest, calling them C neighborhoods is a big stretch and that is why the grading system is subjective to personal opinion.