I would typically look at historical collections and then make an estimate for future income. 

As a collective community we need to share all experiences so we can all learn together.

I would rent these houses out for $600-$650 each, collecting $300-350 each net per month.

It will take you, say ,1 hour to do your first offer, search etc. and once you have the template, next time you need to put an offer in, it will take you mins ;pGo to any training your broker have you do to polish your realtor side.For me it's all about collective learning.

Pass out cards, collect cards, and go from there!

Historically I have found Newark has a vacancy rate of closer to 15-20% once you factor in all collection loss. 

My optionees deposit payments directly into my bank account so there is no collections and no question of whether payment was made on time. 

Escrow should credit you, the buyer, from the seller's settlement funds at close of escrow.Make sure you get all collected fees, not just the security. 

Adding even more points and costs for extensions makes the loan cost even more.That alone was enough to keep me away but maybe it could have been just the rep.

See the problem is actually collecting that $1,000 rent consistently.