As a bonus, your post will show up on Hot Pads and Trulia.

Time is money (someone is facing foreclosure, bk, etc), so you should be picking up this distressed property for significantly less than what it would get after 2 weeks of open houses and exposure to the MLS and a week of back-and-forth and then another month it'll take for someone to secure financing. 

The second pillar is a good insurance policy as that cover the majority of your exposure.

Even if they took a 6% fee from the seller, that margin is razor thin for that kind of exposure. 

We originally had a lot of older women preferring it but the young guys since are touting it as a big bonus as NONE OF THEIR FREE LOADING friends can insist on moving in & 'just maybe paying half' the expenses. 

Pair that exposure with an innate passion for designing and building things and you eventually have someone who is eager about owning Real Estate as an adult. 

It's not as expensive as people think and if you can piggy-back on a tenant's wi-fi so you can view the cameras (using an app like Hikvision) that's a big bonus as well (though if you are local you can access the hard drive - it just seems like a pain - I just use the app).I have a 4-camera system that was installed at my primary residence roughly 18 months ago.

If this is the case and you end up going forward with any house that has 3 or 4 bed units make sure you get the current water/sewer bills from the seller during your due diligence because the $160 you budgeted per month may not be enough.The garages are a nice little bonus to rent out.

Bonus points if you use a rehab loan, like a 203k loan and buy a distressed property and rehab it! 

You need to have enough exposure to draw in enough applicants that you can then choose a good tenant.