If it hits my initial monthly GRM calculation then I will take the numbers and crunch them through an actual income/expense statement.

Qualifying is merely a tool to sift through the hay stack to make your time more efficient.

most people like helping others.i'd say, hit up a few businesses in area, chamber of commerce, etc...BEFORE you talk with a realtor.remember, asking a realtor if it's a good area to buy is like asking the barber if you need a haircut... 8)

With a goal and a plan in place, then one can work efficiently and effectively in taking steps of action.

Otherwise, he wouldn't pound us so hard with those tax hits when we sell for cash out or reward us for structuring our real estate sales in certain other ways.

run a cash flow analysis - see where you need to be to be at a positive cash flow, then just work the numbers til you hit your optimal level of revenue.no fluff either - just fyi, 2 br are tough to sell...i know you're looking to rent it out, but if you ever want to sell it - they're tough to move.

Well, I actually have a couple times, but it was when I knew the house couldn't hit my numbers, and it might hit my competition's.This IS a business, and my business is to offer a no hassle, no haggle solution to a real estate problem.

When the market is going up hopefully you have a whole portfolio of properties to sell and make a pretty penny, when the market has hit its absolute max (as it did in many areas of the country a couple of years ago) hopefully you have sold ahead of the game and can spend some time reaping the rewards.

If you do go door knocking how many house do hit in a month and when do you knock on peoples doors: through out the entire foreclosure prosses, the last two weeks before auction, or when they first hit the list?

Now you do need to find creative ways for your work to be most efficient, but it still comes down to work.