I used Listsource to create a list of 212 Absentee Owners with equity.I went driving for dollars for about a month and compiled an extra 20 contacts to mail.Then I used Google to compile a good letter I wanted to use as a mailerI used plain white printing paper with a red font (looks like handwriting)Bought stamps and labels at a discount from Ebay (and used Ebates.com for an extra 1% cash back)I also used a local company to print 200 one color one sided bandit signs for $185.03 total (free pickup, no shipping costs)And got H-stakes from Home Depot for roughly $0.30 each1st dealI got a call from someone way out in Lakeland, FL.

Some companies have extra coverage that insures against loss of rental income from a bad tenant if you let them screen the tenant before they move in.  

In my experience 2bd renters are typically older and don't have kids who might add extra wear and tear on a property. 

If you're currently on a 30 year and you're just breaking even on rents covering mortgage, insurance, and taxes and not able to save extra for repairs and maintenance, I personally wouldn't do a 15 year.

(Extra credit: record the call and then give it to the local paper if it's interesting...)

. $200 a month extra cashflow = $2400 a year, what are you going to put that money towards?

What would be wrong with a double close other than some extra closing costs?  

Lots cost a tad more than I quoted but we are in a slightly better location IMO so it was worth a couple extra thousand.  

Of course, if you want to achieve $5k-15k EXTRA equity from day one, do what Wholesalers do - except KEEP the properties instead of re-selling them!

Low rent tenants are willing to live with more flaws, fewer extras, and won’t be as demanding about discretionary maintenance and improvements.Fewer evictions.