CRM - A well managed CRM system can transcend your business to newer heights that you didn't know were possible.

@Roy Loganeither1. your own direct marketing to property owners, or 2. through someone else (a wholesaler, another investor, your network, your uncle's neighbor who wants to sell their house and doesn't want to list it and tells your uncle)

It's also a great way to pass buildings down to your kids who want nothing to do with the active management business.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

We have a direct engagement with the manufacturer of Helix Mattresses and we have been using this as a perk to our clients who are either coming onboard with new properties or for clients in need of upgrade or replacement. 

Most lenders do not offer HELOCs on investment properties, so it may be difficult to find this product. 

I was looking to flip a few properties first in order to build up a little stack of reserves before starting to purchase for rentals.

The downside is that when something breaks, it takes forever to schedule appointments, make sure the tenant is home or a property manager can let them in, and sometimes it even takes two appointments. 

My current focus - what is the process once a family member/individual has passed and lets just say in a perfect world probate has been filed and the respective family is now thinking about selling the property.

Im not sure if I do enough to call it active but it's my only gig right now since I retired .No involvement , I go check on the property in Colorado on occasion to check it out the condition.from my decades of doing this you pay income tax to the state you live in..