@Matt Willman,I forget which podcast it was, but on one of them Brandon or Josh recommends using the rent feature on Craigslist to shop rent prices in an area.

We try to select houses with features appealing to tenants (garage or off street parking, 1/2 bath on first floor, storage space).

It's probably one in a million, and I say that because everybody's starting up testimony will be different and unique in/of its own.

A big feature to remain compliant is to establish a relationship with at least 3 hard money brokers who know how private lending works, before even moving past go.

Notice the upper storage doors above the closet, another unique thing about this house.This house is considered "hot" by redfin and since it is a good suburb of Denver, it will sell fast.  

We plan to put it up front and make it a feature.  

I have never targeted college students I simply try to make a win-win situation when they  (or anyone in a unique situation where they might have 3, 6, 9 months of cash for rent) apply for a property.  

Although I will be living in half of the house (doing cosmetic work in unit 1, then moving to unit 2, doing the same, then moving out), after I move out the house will net me at a minimum $300.00 a month after PIMI.Many of the things I have read usually consist of people purchasing with cash or a conventional mortgage, so I feel my situation is a little more unique, however I could be looking in the wrong places. 

Redfin is the primary tool I use as a wholesaler---if they have it in your area be sure to use their "Price Home" feature.

Hello BP Forum'ers,I haven't posted in a while -- but wanted everyone's take on a fairly common question, but with the uniqueness of my actual numbers, figures and situationGoal -- grow passive income quickly through buy and holds -- my market is Upstate NY and I presently own 7 units total spread over 3 properties (2 doubles and one 3 unit) Initial goal was to acquire 8 units/year x 5 years all netting (before income taxes, but after my debt service payments and all other expenses) $200-250/month/unit so around 10K and month in "passive" income from 40 units.