Hi Jay,Pay to have an inspection done.Pay particular attention to the electric system modernity and sufficiency of outlets, the plumbing and have the drains scoped.You may also have asbestos to deal with, or lead paint if it has not already been taken care of.Good Luck!

The trick is networking sufficiently to have a partner who is willing to lend their credit into the deal to get it wrapped up.

Another regular mail house.Figure out the quantity of mail you plan to send.

For 3 and 4 unit properties, FHA requires the property passes the "self sufficiency test."

I plan to buy my first house by the spring, but would like to have a plan for financing properties as I scale long term, but am not sure how feasible my current plan is, considering that I have not heard of it before.I would like to remain as self sufficient as possible with the financing, and avoid relying upon portfolio or private lenders.Pre- note: my annual salary will be roughly 200 K, I am single, and have reduced my expenses drastically (spending no more than 12,000 a year on personal expenses).

@Matthew RembishWhile I do agree with @Charlie Brown that such a small quantity of letters could be done in house and thus save you money, I also understand the value of your time. 

Or would the lease be sufficient enough for them to show up, like every Wednesday or something?

We do about 200 a year, all are out-cry live auctions in front of the property; this is a great system for flipping properties provided the controlled equity is sufficient.

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

You can get up to 80% of the purchase price, so you should have sufficient funds to qualify.