I've found that was a great way to "recruit" prospective attorney's that you've been impressed with and ask them for advice in your particular case.

The biggest one is the amount of disclosure you have to be willing to give to prospective buyers or sellers.

You also need to consider the method of maintaining and cleaning the home as well as delivering keys and access to the property with each prospective tenant.

For example, I ran across a good prospect multi-unit lately but the seller (LLC) has been forfeited by the state (for non-payment of personal property taxes by the LLC each year) and now would need to clean that up and reinstate prior to any sale.

That's exactly what agents do when they're working with a prospective seller to work up a listing price.

Use that information to formulate my offers for returns to my prospects.Present these terms to my prospects and negotiote/refine from there.

My preference is for prospects to self-select before they ever call me.

I have nothing but time and plan on hitting it hard - cold calling, direct mail, constant prospecting.

Until you have a couple of years of landlording experience, you'll doubtful be able to get any of the rental income (on your 3-plex or a new prospect property) to count, for conventional.

I think their prospects will be better in a few years - at least here in Northen Virginia.