It makes sense for older multi's to have just 1 main service, however it's kind of annoying that you fit the bill for somebody letting the toilet run all day.Also get a really good gauge on the neighborhood, and of course get a full inspection top to bottom, including sewer.Each lender is different and will have varying methods of how they decide what / how to lend.  

Funny how many of these so-called guru seminars end up being sold on eBay and craigslist - at a fraction of the price - by former students who gave up on trying to make these methods work, or on trying to get a refund.  

Not for a quick get rich method but from the people I have talked to, this industry is one where hard work and dedication pays off.

These methods have proven quite accurate.Then you need to run your own numbers and see if the property will hold at the "market" rent.My experience: The market is usually quite accurate and unless you are dealing with luxury property, rents are pretty uniform in specific areas.

Also, if there are agents involved in the deal this method would be challenging.

One thing, without competition everything will be stagnant because competition compels an individual, organization and so on to find better method of doing things.ThanksMatthew. 

When responding please inform me of methods, books, podcasts, advice, etc. of ways that I can start with no money, no good credit, and land some money in my pocket!

There are other methods, such as credit cards that offer introductory rates for balance transfers.

It's a "pull" method from their account, as opposed to what it seems like your friend set up, which is a "push" method from their account to his.I love not having to chase checks.

The last year we have come to realize it's nice having one of us home so I started looking into other methods of income.