The quicken app is easy to use to do everything I awaits above from your smart phone if you choose and I was able to download it on my business partners phone (she is of the "non computer generation") and she is able to see how much is in our business account as well as how much income has been brought in for the month vs how much we've spent in one easy snapshot.

If anyone has tips for lead generation on good homes in that area, or you also live there yourself, give a shout out!

You should have a typical septic system inspected at least every 3 years by a professional and your tank pumped as recommended by the inspector, generally every 3 to 5 years.Four major factors influence the frequency of pumping: the number of people in your household, the amount of wastewater generated (based on the number of people in the household and the amount of water used), the volume of solids in the wastewater (for example, using a garbage disposal increases the amount of solids), and septic tank size.

Because as you mentioned, the cost of construction here being what it is, a bare shell could easily take 100K to complete.Do these investors just have good marketing that generates those kind of deals?

I have attached a couple of links that I think you might enjoy:The Ultimate Beginner's Guide to Real Investinghttp://www.biggerpockets.com/real-estate-investingThe Definitive Guide to Real Estate Wholesalinghttp://www.biggerpockets.com/renewsblog/2010/06/10...Podcasts you might like that are related to wholesaling:http://www.biggerpockets.com/renewsblog/2014/07/31...http://www.biggerpockets.com/renewsblog/2014/07/03/bp-podcast-077-negotiating-way-1000-wholetail-deals-michael-quarles/http://www.biggerpockets.com/renewsblog/2014/05/22/bp-podcast-071-lead-generation-phillip-vincent/http://www.biggerpockets.com/renewsblog/2014/04/24/bp-podcast-067-tim-gordon-wholesaling/Most of all, BP is information-rich!

I would be interested in hearing what you define as a high-priced area, as my contention is that most properties (esp condos/town homes) in the $90,000+ range, provided they're well-maintained, would generate significantly greater cash flow as short term/ vacation rentals than traditional buy and hold long term rentals.

Due to high acquisition costs, I am limited in making the number of investment units I would desire, but do want to remain in touch with the market and generate a recurring revenue stream.

Maybe a new thread ought to be started concerning a discussion concerning the definitions of bird-dogging (lead generation), wholesaling (contracting and acquisition as a principal) and brokering (acting as an intermediary).

Commercial real estate loans are made on the ability of the property to generate income.

Even if both properties appreciate at the same rate the higher priced property will still generate a greater return because of it's much greater price point.I am happy with my decision to include both strong cash flow and strong appreciation type properties in my portfolio.