The property management arm does an excellent job getting to lease renewals early.Overall, the company has been an excellent way to invest in single family residences out of state, for what I want (mostly hands off, property solidly rehabbed, steady cash flow, consistent updates from property manager).

I always told new agents comign to work for me you need to save up 1 years of livings expenses... it will take you that long to get your income coming in a consistent way.. or you need to keep your job and do this part time until you grow into it.those that quite thinking instant success in what is a VERY VERY tough business usually went broke and were out of the game in a matter of months.Think about it like your starting any other kind of small business.. you need capital in the bank you need capital to run the business and you need capital to live on while you are priming the pump.You also need exceptional sales skills and should spend money learning how to sell and close.you need to understand this is 24/7 ... if your going to beat your competition to the deals.And remember there are simply WAY more wholesalers and wanna bee wholesalers than there are deals in MOST markets.. 

ROI on property should be consistent with or likely surpass your 401k.  

As I think about my business and after marketing is consistent and at maximum scale for one individual to handle I need to replace me.  

After a long drawn out eviction of a SFH on Long Island NY, we needed to have some work done (painting, new light fixtures, patch some holes, and basic plumbing, such as a new toilet, install vanities with faucets, and new shower fixtures.

I use to see 40-50 patients a day in my office, REI is an island vacation compared to that nightmare!

The key is to actually apply these things consistently once you learn them. 

Utah also has really low unemployment (I think we are around 3%), and is consistently ranked in the top for best state for businesses.

Thanks everyone, this was helpful and consistent with some other things I was able to find online.

We do not sell any of our re-performing loans until there is  at least 12 months of consistent payments recorded with our servicer.