The lease option is great but why not sell to another investor if rental receipts show timely payments and acquisition cost is so cheap that is a great buy and hold for a new  investor if property is in good condition. 

I mean your talking 1k to 2k per transaction ... that is 1970's money... but I guess if you live in an area with cheap o properties it is what it is.. but I would frankly find another profession..

The people buying for cheap will reduce market rent rates to lease up fast bringing the market down permanently or at least for 3 to 6 months.

- Wife and I rent an amazing country home for cheap.

I get to buy those cheap after they get destroyed.

We have places locally that we can buy cheap and get great cash flow, but in 10 years the I could only sell a property for what I paid for it.Good luck 

Quick question: I'm kinda cheap... not that I don't see the virtue of having that site handle the mailing, but I wonder if I can do the mailings/letters myself?

Keep it cheap, move in and start fixing it up. 

The utilities, upkeep, and maintenance overshadow the fact that you got a huge house for cheap real quick.:)

Those who specialize in REITs don't work cheap and no, you can't do it yourself.