The archer (insurance) won't pick off every bad guy that tries to get in, so having the walls and moat is vital.

Realize that people, products and processes are vital: Treat employees well and they will want to work; understand the product being sold and make sure it is relevant; have a smooth process to execute those two things.2.

It makes me want to go for the gold to be successful just like you.

If you can look at a potential deal and determine if it is a gold mine or a money pit than work with a "new guy" if not get involved in any real estate investing network groups in your area and find a pro who is licensed and they will probably be able to walk you through blind bidding process.

If anyone has been burned before, they will truly appreciate win win relationships when they fine one, it's gold.

Then I have a one stop place to look at to field other landlord calls, see how much is owed, look up whether someone has applied before, etc.Another has all the vital financials for each property, with a column for each year owned, so that the trend data is easy to see.

The people that don't have a nickel to their name do social media to find properties because it's free and just takes time but so does everyone else.There is a bunch of sellers who are up in years that there only form of communication is getting the mail.They have not or DO NOT want to adopt to today's technology.So there is gold in that because these property owners will not be on the internet or do social media.So I believe heavily in mailings but it is about timing,the message,and marketing to the correct target audience.

Short Gold and Silver2.

If they have a big family they can use 75 to 100 dollars a month worth of water.I call it "liquid gold" and it is the number one expense landlords worry about on these older buildings.If you have leaks that bill could go much higher.Are there any outside water faucets on the building??

On a short-term the rehabber will strike gold when everything falls in line.