@Benjamin Kanevsky 1% rule is a rather easy mark for me to achieve for my buying clients, in solid markets not some lame-duck fail of a rental. 

For example the average home price in a Market like Memphis, TN is around $150,000 and the average home price from what I can see in Long Island is around that $500,000 dollar mark.

I have $500k personal liability on the rentals and $1mm on personal house.I'm looking at an umbrella for $3 million - - thus far I've been presented "Markel" .  I

@Mark S.    

At 29 I passed the one million net worth mark and married my 3rd wife.

Hi Mark,I'd recommend @Jerel Ehlert

I don't elude to making any extra security claims... but having the marked vehicles in the lot is kind of nice from time to time..We would give them a $20.00 a month concession.. not a lot but we were glad that we knew they were at arms length and would inform if any issues. 

Since this quarter billion dollar mark is sort of a milestone I thought it would be interesting to look at where my potential and current investors live to see if there is anything interesting we could learn from it.Yes, yes, there is.But first, after every closing, I document a lesson learned to try and help others who want to do similar things.

I would echo @Mark W.

This is an FHA loan and we are now past the 40 day mark and all contingencies have been removed.