We bought the house for 90k, and it initially rented for 600 if I remember right.

But Chicago is somewhere where we would move away, and never come back.We are also not sure if we should pay cash for the 200k, and later do a cash out refinance if we need the cash, or if we should get a mortgage for some of it initially.

I look for profitability NOT initial cash flow.  

My title company allows me to create an Exhibit for the remainder of properties, then I just reference the Exhibit, in the initial contract. 

One strategy that I like (and is certainly open to suggestions for improvement) is to prescreen the tenants on the phone with some criteria (ensuring it is the same for everyone) and only set up walk through if the prospects pass that initial screening.  

If you are tech savvy you could create a form letter with your own handwriting, here is the old thread where I had initially seen it: https://www.biggerpockets.com/forums/87/topics/453...I have spoken to many people who see right through the fake handwriting and yet they still call.

These are the niches that I have found I seem to be the most interested in initially.  

These are the niches that I have found I seem to be the most interested in initially.  

Many investors will accept lower yields for a share of a well maintained property, in appreciating areas, or if they can participate as limited partners and risk only their initial investment. 

You'll need to liquidate your positions or leverage them to create cash for your initial real estate investments.Sec. 1031 allows you to sell any type of real estate held for investment purposes and purchase any type of real estate held for investment and defer the tax on the gain.