Those also, extremely good cash flow.You can get good investment as Rich mentioned with probably better prospective of appreciation, but for three times as much money.

.* 3 trips in the last 6 months to Vegas to meet prospective contacts* let 2 previous agents go after they proved 'ineffective'* called references and checked with BBB and local real estate board * met in-person twice and spent significant time with them including looking at properties to make sure we were on the same page* had many, many email and phone conversations In other words, you will probably need to visit your out of state investment area a couple times as well as make many phone calls before you can feel comfortable and have a good team in place ... at least, that's been my experience.

If a deal isn't working, your numbers may not be good to a prospective buyer.

-> Same type of rentals with appreciation potential, but very difficult to value prospects due to the rental situation, so my bids tend to be VERY LOW.5.

Whenever I look at a deal I complete the model as completely as possible in order to gauge the best understanding of how profitable a prospect is.If you have the numbers, use them!

Take the basics, as in Marketing, Prospecting, Selling..ect And put it into a Specific daily routine examples is what I am looking for..

You need to know within $50 what your prospective property will rent for.

With lotteries and casinos the government is taking away the rent money from any prospective tenants you may have in your properties.

Thank you for all of your advice.The feedback I have been getting is that it needs more work than people want to do and the only warm prospect could not get preapproved for a loan.

Probably true, but not PC, and I'm sure the prospective tenant could have sued us for that comment if he was so inclined.