I would suggest focusing on off-market properties...find a good short sale agent to work with and start generating your own leads.

Overall, Q1 was successful but I am hoping Q2 will see us ramp up the rehabs to generate more readily available cash.

We are interested in a strategy of buying a good starter home in a great school district, then lease it, hopefully to a good long term tenant and hold the investment for steady generation of income and some appreciation.

I was listening to a podcast the other day, I think it was BP, but the guest said they found that contacting 5 times generated the max response rate for their direct mail marketing.

Give her $50K down and have her take a note for the rest, being secured at a great loan to value ratio, and she would be in first position.There's some generation gap thinking in your comment about your family members.

All of them generate great revenue except two that are borderline condemned.

For the older generations some of these movies are going on 3 or 4 remakes.

I don't believe the numbers could ever show a million dollar SFR actually generates cash flow.

They don't have parties, police activity, they know how to fix simple things that the younger generation either never learned or doesn't care about, and they know that they need to pay their rent.You could tell them that your insuirance company requires you to give the house a yearly "once over" and you could go in and test the smoke detectors, check the furnace filter, etc.

They will have to declare it as income but unless they have other income it won't be enough to generate any tax liability.