When I leverage a property 100% the rental income obviously must be based on the true property value not on zero.Expenses are generally in proportion to the value of a home and impact your bottom line directly.

Anyone have direct experience?

From what we saw in 04 on the treasure coast after 2 direct hits.

Also, thinking about doing direct mail to find owner-financing.

I decided that I want to use this method as it doesn't take me away from my family to "pound pavement" (which in my neck of the woods could get you shot) and is not going to cost me money like direct mail marketing does.

I've gone to multiple auctions (Philadelphia Sheriff's Sale), inquired of vacant/distressed properties directly with the owners, worked with random realtors after expressing interest via real estate websites (e.g.

@Brian Ploszay The building my unit is in has 4 units in it side beside with direct access to the street so I don't see that as being an issue.

I need a solution for managing real estate leads for my direct mail campaigns in a database.

Most nyc multi family purchasers are cash buyers, so i am losing the fight already but want to see if there is some light at the end of the tunnel with agents in nyc that could help me find me my next deal.

They were looking for direction on where to start in the real estate process, and I tried my best to give them the information on what I would do in their shoes if they didn't have the funds to pay realtor commissions, closing costs, repairs and everything associated with getting the house sold.