I believe the natural progression of business will take you where you are most suited if you just start.

Right now you are totally dependent on one marketing strategy for your leads, and while you say you can't afford to do more than cold calling, you may need to figure out how to incorporate other strategies.

Those reserves would have been lost and in a free market the repercussions of the implosion would naturally be deflationary.

.- I think the Mortgage Interest $150 and Escrow/Taxes & Insurance of $50 would be on the Income Statement as they are expenses that are not capital in nature?

If anyone does, I'd appreciate solid info with references that I can incorporate into my business.I disagree on the risk/reward calculation and additional liability of contacting borrowers directly.

Partly because I really want to see the place before they get in and "clean"...see the true nature of the mess. 

I wanted to code my own web app that will Look up listings across the US or area i'm interested inIt will cross reference the crime rate and other dataIt will also look at craigslist rents to see if the area meets the 2% ruleAs you can tell I'm shooting off the hip  with the data to incorporate. 

When rates change every bank has a different policy about how to incorporate new rates and how quickly to change them or how to change underwriting standards.

The rotten egg smell is an indication of hydrogen sulfide in the water which can occur naturally, but is very corrosive and can cause problems with plumbing and fixtures. 

If you are one of the few it can be an excellent way to build a very profitable business.It can take time to understand the nature of the market.