To succeed, you'll need to ask a lot of questions, screen everyone very well and monitor everything.

Most seem to like there to be a business reason for the state you use to create the LLC, either the property is there or you live there. 

Are you cashing out the equity and using additional revenue streams to get the 2nd one?

@Bryce MillerWelcome to BP!

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Hey Jack, welcome to the Forums.It’s great to have you here.

I do not have the ability to make the cold calls or marketing materials needed to source those kinds of leads so I rely on my agents, zillow, redfin, and MLS to find potential properties but of course it always comes down to the numbers.

Whereas they wouldn't leave me alone before I signed, now--- I can get no one on the phone, and am required to use a text line.

I relate to this heavily. 

It’s unlikely any program is going to pay $800 for a room.