In other words earning income from the fast turn over and then holding for the long-term income.I'm looking to build my buyers list.Ed Mack

.- All of the leads I looked at were on the MLS, some were REOs, but most were properties where the listed price was reduced.

She does earn 3x the rental amount. 

You have helped me realize that I probably won't be a "good candidate" (haha) for banks right now as I am earning $0 as a full time college student.

Learn as you earn.

@Carlos Rovira the general rule is that income is taxable in the state in which it is earned.

If you don't you've effectively reduced the security deposit you hold by $300.

Helps that you're a contractor as that takes a lot of the cost away from the project.As for buy and hold properties, personally, it's been my experience that investors prefer to buy with cash as it reduces the out of pocket expenses to close.

I am about to jump into the "pool" of direct mail marketers...yup, as the distressed property owner sorts through his mail, over the trash can looking for utility bills....and throws away all those yellow letters etc....I'm actually going to spend some hard earned money to be one of those letters....with the hope that someone on my mail list chooses to open the letter, or read the postcard and call me to see if I can help them out of their financial situation.I've asked a lot of questions....watched videos....read articles...and given it a lot of thought.I need a list that I can mail to on a consistent basis..I'm thinking once a month for six months...then move on to a new list.The criteria I plan to use:single family and multi family propertiesowned for at least 10 yearshave a trustees sale notice recorded within the last three monthsMaricopa CountyIs this a perfect list?

Your vulnerability to vacancies is greatly reduced, your cash return is far better, your compounding income is increased exponentially.