What are some good tips to get the conversation rolling during a cold call?

In this type of increasing market with increasing rent rolls,you should, as a rule, expect to earn back 100% of your investment within 8 years (if you spend $100,000 on a home, you should aim to make $12,500 a year in rent meaning you could collect $1040 or so in monthly rental rates.

@Michael Manger Hi Michael, And yes, you should be very proactive in attaining a pre qualification for a loan.

As well as hitting the timing of the market correctly.Real estate is a lot about timing and cycles our market the cycle ended for most good deals in 2012 when the hedge funds came in ( what I was buying for 50k rehabbing for 20k selling at 85k )Now they are pre rehab $110k or higher .

I also heard that no broker will take you on unless you're willing to sell houses for the broker (i.e. they won't add you to their rolls to just work on your own stuff).

Like most of us on here I've listened to all of the podcasts and now ready to meet up with some people and get the ball rolling on my investing career.

If the rents are below market and then you can lease up the property further and initiate cost savings in other ways then you can create high cash flow.Some markets or asset classes have already surpassed pre-2007 levels.

I am looking to build a long term business relationship and am ready to make an offer pending pre-approval.

I've been doing a bunch of research, but I still feel as if I need a little bit of guidance on how to get the ball rolling on this endeavor.

Sure enough, the tenant says, oh, by the way, I was going to email you today, the Chimney leaked in the garage after the recent rains (roll eyes here, I'm sure she was going to email me today).