Thanks for the data. 

I'm thinking of mailing a letter to all the landlords address's in the area off of data on the county records.

Hopefully we can use the data and our experiences to find opportunities.I am looking to get feedback from people that are making recent transactions. 

The barrier of entry is high for quality STNL's but it protects my downside and fits my investment strategy of stable predictable cashflow. 

You should also ask where they source their data from.

Hi,
I landed a wholesale deal and would like to use the money to subscribe to a service that will allow me to pull 10,000 records a month or so.... Specific motivated leads (foreclosures, divorce, etc. are great), bu...

Make more money for the sellers and yourself with higher commissions.Gain a strong understanding of the contracts and the market place....maybe any agent from any brokerage can do that, but being in a large brokerage with 100s of agents and lots of data, perhaps can give you an advantage there too.   

We can easily cover the mortgage with our W2 income and we anticipate we will cover the mortgage and then some with the STR income (it has a track record of this with current owners and also comparing data from surrounding comps).

These ways will give you a nice low-risk entry into REI, allowing you to more quickly gain confidence and be able to scale more quickly!

I purchased a 2 level home 4 bed 3 bath so it has 3 bed 2 bath upstairs an 1 bed 1 bath downstairs it also has a like a rec room downstairs I am thinking about putting a kitchen in the rec room an renting out the downstairs my mortgage is 2900 I paid 500,000 for the home its estimated to be worth 710,000 on redfin I'm trying to cover some of my mortgage by renting out downstairs my question is if I had that kitchen downstairs can I do a cashout refi to get my money out of the deal its going to cost me about 13000 to do it plus make a door downstairs because there isnt a entry way downstairs also I wanted to put a washer and dryer upstairs because they have one downstairs so it would be like a 1 bedroom apartment all in at about 17000 can I consider this the brrrr strategy an refi after it's done an get my money back out to reinvest in another deal?