The phone calls usually have about a 79% success rate “meaning the owner is willing to talk at least”.

After they are paid, they usually will not give you their tax ID, as they tend to hide this income from the IRS.If they refuse, filing 1099s without SSN does not accomplish anything, really.

I’d say it depends a bit too on the type of properties. 10 single families is very different that say 10 quads, that’d be 10 vs 40 different rents.If you have a manager, they’ll usually input it all into a program that generates monthly reports and end of year reports etc.

Hi @Chris,Would love to know more about note investor s.I usually buy properties from auction in Maryland.

Closing cost should be part of cash yes.Turn key usually comes with a tenant so you should need to have tenants placement fee.

(usually without local managers that "eat" my income).PM if you would like to get some tips on Out of country investing I will be happy to contribute.

(at least these are figures that I seen).Appraisals usually range from $500 to $1000 depending on the size of the house(at least from my experience).If they are really charging $3500 for a loan origination fee - I would shop around for a smaller bank and even some credit unions.

@John Hickey 6pm is hard for me I’m usually home later from the city.

This would provide more cash flow and mortgage support (usually)Your first time home buyer credit should cover most of your FHA requirements even on a 4 unit.Or maybe just buy bitcoin and wait six months so you have more money to play with

And the people doing stuff usually have private money lined up.