Are there any particular management practices or tools that have proven effective for rent-by-the-room setups?

I would like to possibly purchase a multiplex 2-4 units that is a proven winner when comparing costs to return. would this be ideal?

I recognize there are people on this forum Who have successfully accomplished this scale on these cheap rental Units.

YOu as the buyer showing proof of your ability to pay (through actual bank statements with cash and/or closed sale transaction proof showing you are a proven all cash buyer that closes will instill confidence in the wholesaler and allow them to perhaps make less on the deal but can do more deals knowing they have a quality buyer in hand is a win win.

  (2) This  investor owns SFH's in a market that possesses the fundamentals but sells prematurely and fails to take advantage of the primary appreciation event. (3) This investor fails to recognize the equity generated through the primary appreciation event is better served being reinvested in more efficient asset classes that will generate a greater return profile after the primary appreciation event occurs. 

Being an entrepreneur is primarily a role of knowing your strengths and recognizing your holes, then filling in people for those holes.Most all investment managers start with partnerships of two or three people that have complimentary skill sets, relationships, etc.  

So in reality the IRS already recognizes you and your wife as the tax payer and exchanger (becuase of the joint tax return reporting the activity of the property).Here are your options to purchase1.

Indianapolis has proven to be a stable market with great returns, without the boom/bust cycle you've seen in other areas.I'd love to discuss how our properties can fit into your investment strategy and help you achieve your goals.

Anyone can tell a story, but background and credit checks are facts until proven otherwise.

It should encourage a free economy with respect to residential housing recognizing that large profits would encourage competition/development.