I would suggest playing the long game, though, instead of focusing on quitting your job.

Quote from @Kerry Noble Jr: Preforeclosures are best called or door knocked.Tax delinquent or code voiolationsPreforeclosures, Tax delinquent, code voiolations, probates/inheretence, quit claim deeds, water shut off are the best lists.Understand it is a volume game. sending out 500 mailers probably won't yield any results.

To me it feels more like a game of chess, to my wife it was a lot more emotional, we had a couple tenants that really got under her skin, at least in the beginning.

And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.

I do have one house in Memphis bought in 2018 so I’ve dipped into the out of state game already so I’m not scared to go that route again.

James Wise called you out on ties/ownership in this PM entity, and you played word-salad games trying to pretend had no connections to it. 

This is a great community to connect with people, learn the ropes, and get advice from those who've been in the game for a while.

Hello all,New to the real-estate scene but getting started and excited to see where this goes. I own 1 house and starting the rental process now with a property management company in El Paso, hoping to buy another hom...

So I require skin in the game (average is 5% to 15%) to offset this.

We debate selling it all the time but we know homes in CA usually always increase in value and it is just a waiting game and we can’t sell it right now and make a profit yet.