While direct mail works, I get about 5 mailers each month on all of my properties and they typically go straight to the trash.

@Joe: If I may ask, what is the typical investment amount if you care to share that.

An typically add 500-800 cash flow to SFR in certain areas.

@Ryan Van Fleet It is not unusual to see $650 though I think $500 - $550 is more typical. 

Madison has one that meets twice a month which you could check out at www.madisonreia.com  They have about 60 investors meet at any given meeting and typically about 10 brand new investors will peek their head in each month.

Invest those profits into more property and essentially have 5 properties in your portfolio within 12 months time. 

Here are my thoughts based on some avg #s$1980/2 = $495/mo x 4 units1 bed/1 bath units typically rent around $400/mo so my initial thoughts are how did they get almost $500/mo for these.Lets say you get $450/mo x 4 = $1800/moProperty Management - $180Taxes - $200Insurance - $100Water/trash - $200Vacancy - $180Repairs - $180Cap Ex - $100Total expenses -  $1140/moThat leaves you with about $660/mo before any mortgage etc....

Even if you're using a property management company, knowing the basics of the business is essential. 

Especially the 2 bedroom for $900I typically prefer guage using rentometer, fyi

I am fairly new to this and have not ran into this, so was more interested in what was typical.