It sounds like the separation between success and failure is based on proper preparation and realistic expectations.

Again, be prepared to call A LOT

Many of my clients and I have grown our portfolios through appreciation and cash-out refinancing with minimal additional capital.Zillow Data is one of the most reliable sources for analyzing appreciation rates at the zip code level.SummaryNo special apps are necessary.

Well, none of those things are action - they may be worthwhile preparation to take action, but they're not action itself. 

Additionally, I am financially prepared to sustain hard money loan payments for up to two years, which is realistic for resolving occupancy issues in NYC.

Attorneys in "real estate' tend to be very specialized.

Time is critical, especially in competitive markets.Clear Offer Terms - Present a firm offer with terms that make the seller feel confident that you can close fast, with minimal contingencies or proof of funds.Due Diligence Preparation - Have your financing lined up and know your repair/rehab costs in advance so you can move quickly without second-guessing.

One thing that we were not prepared for was the new lender required that our tenants have a signed lease agreement before we could move forward with the new house.

Find Investor savvy Realtors that specialize in off market properties. 2.

If you are thinking Texas, the problem is so is everyone else, so your competition is much higher and unless your property is special, you can only compete on price.I hope this helps.