My wife and I were missionaries in the Philippines for three years and our motivation is to generate a residual income that will allow us to go back and start an orphanage.Here's my first question: we are analyzing every property in our area of Monroe MI, and we want to make offers that makes sense according to our numbers on the properties that fit our criteria.

Each address would generate a postcard to my mailbox.During the last year, I received four or five postcards/letters a week from wholesalers asking if I want to sell my rental properties.Over the last two months, I receive at least one phone call a week from wholesalers pestering me about if I want to sell my rental properties. 

That is your long term solution to generating quality inbound leads over time. 

I just spoke to city engineer they estimated 2880 per unit to install new individual water meter and also mentioned that they don’t do individual water meters for apartments itseems.

Generally you want higher income two years before you apply for financing, so you could change your tax strategies depending on which years you need a loan.The most interesting real estate tax tactics to me are the 1031 and cost-segregation depreciation.Also, as a retail business owner, you can qualify for some SBA financing that will allow you to owner-operate commercial real estate to where you could run your store in a building while renting out some of it at the same time to generate that income.And for commercial you can use the income from the target property to help your income.

On average the turn cost was between $1 to $2, depending on the individual property amenities. 

I know to each their own but I've always been fascinated on the insight of successful individuals when they reflect on where they came from.

@Terrence Williams  As you mentioned, most of the specifics will come out during each individual deal, but I think you're generally asking the right questions for this kind of preliminary meeting. 

The renter put the 1099 under the name he makes the check out to (our serving agent who is an individual).

Certain core activities/responsibilities such as lead generation, follow-ups, tracking conversion rates, etc. are very similar for agents and investors alike.