From an operational standpoint you might also want to consider the cost of any extra tax returns that are needed by the entity as well as any extra accounting fees.Good Luck!

Anyways, on my latest project, the title came back yesterday and revealed two extra parcels of land deeded to the seller under the property I was under contract for.

Just talk to your PM or realtor to dig the data up if you do not know it.

Since I am super new to this, I do have a few questions:By testing the list, do you mean what data am I pulling (absentee owner, tired landlord, etc)Testing my mailer, do you mean trying different messaging?

I do not do a lot of volume, so it would take me a long time to get a good data set just based on those numbers. 

-Have an extra umbrella policy-Speak with my real estate attorney to make sure I did enough to limit my liability. 

There is usually extra charges on closing to pay for that service… but it is minimal.All the best!

The top producing agent wants nothing to do with a new out-of-state investor, they are local specialists who don't need extra business or time suck.

First off I always question statistics when there is no possible way to gather the data for the referenced statistic.  

If you want to understand 5-year outlook, I'd look for multifamily construction data in your area to understand what level of new units is and will be coming online in the near future.