Careful with code and assess issues. 10) Create multiple units out of single units where zoning and code allows. 11) Change use of property to highest and best, ie convert warehouse to smaller self storage units or lofts. 12) Change zoning to allow higher density and more expensive use. 13) Paint and cleanup property to command higher rents. 14) Identify and rent to niche market at higher rate, ie felon friendly. 15) Convert property from long term lease to vacation rental.16) Rent to roommates individually instead of the whole property.

Computers can generate values relatively easy but they can't identify value for condition, quality, and location.

Make sure you have a service animal policy as well and know how to identify legitimate service animals vs. pets.Animals... dogs, cats, caged pets whose owners let them roam free out of their cages, warm blooded or cold blooded... can cause property damage fairly quickly.

Property management companies can maybe help tell you where the neighborhoods are that have lots of rentals.One of the first things you should do is identify your REI goals.

Because of this, they also need to have an identified custodian for the self-directed IRA named in the account disclosure documents.

Hi Zaid,When a property is listed in the MLS as an "Entry Only Listing", it is identified as such so Buyer's Agents know that is a limited service listing.

You will be restricted to a conventional mortgage with a high down payment, not to mention a higher interest rate.Properties with more than four units are considered commercial properties and do not qualify for conventional or government-backed financing such as FHA or VA loans.How to Finance a 2-4 Unit PropertyYour next step is to identify the proper financing for your property.

Scott, one of the things I try to focus on (and share with my team members) is having the ability to build massive rapport and connection over the phone.At that point, the trust factor is through the roof and now offering them options on selling becomes the goal (assuming they don't want to take the all cash offer)  So in regards to follow up, its mostly following up and pushing the ball down the field in the particular option that they eventually choose once we both identify what that option is.Ex: if they don't want our all cash offer, we explore WITH them a lease option or sub2, then as a last resort, we explore the option to list with one of our partner realtors in their area.And this is specific to the leads i'm getting online (and I'm getting a ton of them too lol)

Building a track record will get you there as your experience with deal structures grows and your ability to locate, identify, and secure opportunities improves.I think if I was closing my first deal tomorrow, and I only had $5000 it would still look like a hold position.  

I would ask where would you be getting a higher return on your money (newly identified project/pay off debt OR with current project and maybe a slightly higher vacancy rate)-are you able to lower your rate and still cash flow?