We believe that its not about some other software system, or this brand new strategy, rather its effective deal analysis so you don't loose money, aggressive marketing to bring the deal flow in, and systemization so in a reasonable period of time you can actually have freedom even while flipping 6-12 properties per year.Getting your license isn't free, nor is going through our education.  

That way you don't actually have to do any work, people will just give you free money once you know the secret system.

As long as its not like an fha or va deal where the appraisal stays in system for 6 months just offer to pay for the next appraisal.

It would have helped us out a lot to be able to save extra money,” Garcia said.Read more: http://www.wfsb.com/story/28602838/ct-woman-falls-victim-to-real-estate-website-scam#ixzz3VtaICCqRhttp://trove.com/a/CT-woman-falls-victim-to-real-e...

The main reason being that if you need to replace them it will be much easier if you build a system instead of relying on someone's specific talents.As for rates, I've heard they generally run $4-8 per hour, which is apparently a good wage in the Philippines, and of course you could offer bonuses and commissions to sweeten the deal for them.

I know it's a lot to answer, but I want to get a feel for when I should start looking into these items. 

Here's a link where @Chris Martinposted about reserves as the lenders want to see them funded, and where I gave some links to projecting useful life of various systems to facilitate establishing reserves:http://www.biggerpockets.com/forums/432/topics/867...

They must have solid systems in place to get the right tenant and check up on those tenants.

I think its a very sad commentary on parents and the education system that so many people give this drivel so much credit.If I learned anything from that con man I'd be embarrassed to admit it.However, what I have learned on here is that many successful people are not ashamed - they hold up their previous ignorance as a badge of honor and wave this book like a bible.  

Single Family homes rely on appreciation, market swings, school systems, traffic patterns, and even bad neighbors.