In the past I pretty much did the traditional buy/sell deal, but not exposed to the creative side of REI.Initially I am targeting about $10K/month in income so I can fully devote my time in REI.Currently looking for a Mentor that would guide me through the initial stages of REI.

So basically your target is the tired landlord who still owes a great deal and is losing money.Brian Gibbons would also be an excellent individual to discuss this with.

I am targeting homes that are at least 1,600 sqft and preferably not older than 25 years in solid desired areas, low crimes, great schools.

The Stock market futures are getting pounded.

What square footage do you want; any tenants that you will or will not accept; what lease terms will you accept; do you require credit tenants and corporate guarantees; what is your going-in, hold period and terminal cap rate target; what are your target demographics (HH $, Crime, MSA, zip code); debt/equity/reserve structure?  

Any idea what the targets are?

So, using the 1% rule as a guideline it seems that really targeting low cost condos is the way to go.

I'm trying to target houses that people don't want to initially buy, as most folks on bigger pockets are doing (ie. smelly carpet, un-updated kitchen/bathrooms, un-open layout).  

We also send postcards to nearby neighbors.If it's a luxury listing, pay for a spot in a magazine that targets those folks.

FOCUS on no more than two motivated seller targets.2.