With those numbers, I would rather invest in a 7-Eleven and clean Slurpee machines everyday.

The reasons I prefer individuals are:- I usually have their cell phone number, so much easier to get a hold of then trying to call an office line and leaving a voicemail- Simple statements, usually in Word or Excel and just simply say the income and expenses and total deposited- Way less players in the game, meaning the one guy handles a whole situation.

It's a great self-motivator - it's a lot easier to say "right, next property pays the water and electricity bill" than looking up at this mountain of what it takes to become financially independent.One way of approaching reaching your goal while not accumulating too many properties is this:- Figure out your comfortable living expenses, plus some money to continue investing once you're full-time.- Figure out how many properties that would take, if they were paid off.

I feel like it would be way easier to more accuratley determine fair market value of homes, avg rent in the area, etc...with a realtor.

Making the right moves is a lot easier when you have the right education/knowledge behind your decisions.

And many times, the very reason that the houses are available cheap (elderly owners, divorce, "drama," and so on) will make it very easy to forget about your emailed offer - or even your phone call or letter.IMHO, you need to be there in person, looking someone in the eye, solving their problem, making it very difficult to say "no" to you, and making it easier for you to overcome any objections.A salesperson who waits for prospects to call him back will starve, for sure...

Therefore, find a good tenant who is willing to be honorable.To help make future decisions more automatic and easier, you may want to consider adding some of the payment terms contained in my lease agreements: (check your local laws for any conflicts and seek legal advice from an attorney before altering a legal agreement)PAYMENT TERMS (TIME IS OF THE ESSENCE)a)The DEPOSIT in the amount of [[$Deposit]] IS DUE ON OR BEFORE [[Deposit Due Date]].

You will have to talk to a lot of unmotivated people, so don't let that discourage you cause than the motivated ones will get easier to pick out.Your marketing you will need to track and test.If you haven't already find some of the wholesalers here like Sharon Vornholt, Jerry Puckett and others, they have shared tons of stuff on what they know.Best of luck to you.

That makes it much easier to calculate.

This actually happens frequently but the opportunity will be proportional to the amount of experience you have (i.e. how many properties you’ve flipped) and how long you’ve been doing this (i.e. how many contacts you’ve developed over the years).Lightening could always strike, but the chances that any experienced lender will loan 100% of the purchase and rehab to someone who’s never done this before are pretty much zero.If you happened to find a really killer deal, it would be easier and safer for you to find an experienced money partner.