I've got 4 units that I rent out furnished and all bills paid.My target market is guys coming into town for work and want to save compared to a hotel, Most of my contracts are month to month, I'm getting nearly double market rent, and I have a wait list (I know many of you are wondering about vacancies).One lady has ended up with me in a long term situation and is happily paying the higher rent, uses less utilities than her neighbor, fixes her own stuff, even though I implore her not to and to let me pay my handiman to do it, and pays rent early.I knew she had one cat.  

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

As a reference since I hadn't mentioned it in my intro, I am 29 years old.George, I don't have any particular reason as to why I'm targeting preforeclosures, aside from the fact that it was the easiest data to find.

I am targeting just 2 zip codes and will keep tweaking until IO get some results.

Then present it to H and ask him to provide a response on each point.If his response is verbal, write it all down and send back to him for his confirmation of what is now being said.For repair requests - make them in writing and ask for a target date for when it will be fixed.

You just have to pick one that works for you and explore all the ways to capitalize on that target market. 

I don't target probates specifically.

I was think something that would show the benefits of having them carry a mortgage, and I would mostly be targeting burned out landlords and absent or retiring property owners that own free and clear.

I am curious what everyone's target, obtainable, Cap Rate is. 

So, if some people stop paying (or move out) the rest are liable for the difference.Check with other landlords renting to students (easily done via Craigslist in your target market) typically student housing rents at a premium, especially if the Two Mile Rule is obeyed.