You make $50k buying the property and doing the work in an over-simplified example.Example 2: You buy the same property rehabbed for $150k.  

@Jarred Sleeth Here's a simplified model to show the concept.

To over-simplify, I think screening is a great way to understand (a) are you who you say you are (b) do you pay your bills and (c) is your behavior worthy of this expensive asset?  

My question is what have people used to filter the database you receive and simplify the production of letters and/or postcards?  

@Patrick PlummerIt sounds as if you may qualify for the Solo 401k and yes, it would greatly simplify your situation.Unlike an IRA which is an individual arrangement, a 401k is an employer sponsored retirement plan.  

@Mike Wood, I gave a simplified example.

Yes, that's a very simplified example, but not unreasonable.

This is, of course, an over-simplified example and you need to look at multiple properties and average this out, but you get the general idea.

At least the government is finally attempting to simplify now, as opposed to what they have been doing for the last seven years.  

He wants a lower tax rate (including capital gain) in return for fewer write offs; he's trying to simplify the tax code.