@Mark S.Regarding $250-350 cash flow per door - I don't think that's actually very high?

The seller's agent signing the document is actually a big win for your cause if he or she was present at the time the code enforcement agent told the sellers this information.

So I understand the basics of direct mail campaigns but my problem is knowing what to do when someone actually calls back!

If that is Weeks with Wigger and I can't remember the other one at that office then they are actually the same ones that did my closing on my primary residence in Summerville, SC.  

Properties are actually marketed as "turn-key rentals". 

I only buy homes that I would actually live in - quality.  

Actually, mine is a home purchase loan (not construction loan) and he is technically selling it to me after completion with his investment and his friend's.  

My dad built hotels, actually some all over the world for Holiday Inns.

thanks for the correction, I actually meant correlated. so you think conventional rate might hit 4%? 

I do not have personal experience investing in flyover states, so take this with a grain of salt.This is my 'gut reaction,' which could 100% be totally off & I'll defer to those with actual experience 100%...Any place you are buying that has tenants paying 2x in rent what they could otherwise pay in PITI because the [ $70k * 3.5% = $2450 ] down payment is too much of a down payment for them to save up, isn't exactly going to have high quality low maintenance intelligent people as tenants.