It starts with 35,000 entries but I can get it down below 1,000 in no time.But don't forget that once you have a little more budget and better deal flow going, you can hire a Virtual Assistant or a local assistant to do some of that list prep for you.

If you do that you should really give it a good push: get professional photos done, place the property on Zillow, craigslist and MLS, promise high commission to the buy site agents (not binding unless you accept offers), get some virtual help.

There are a lot of interesting things to read about Programs like that.So I'm sorry about the warnings, but it needs to be said.Here is the good part.A lot of us who are very successful, had learned Real Estate virtually for free.

Financing the deal is the final piece and it's really where science meets art.

Unless you are into the virtual wholesaling idea.

Do some searching on "Virtual Wholesaling" both here and on Google.

According to my model, I have to find deals above a 13% gross cap rate to derive at my 8% preferred Cash-on-Cash based upon those financing and OpEx assumptions, which I would say is virtually unheard of in my market unless I want to be an absolute slumlord. 

You would be able to buy out the private money loan with the refinance and get virtually all of your down payment back.

I remember they advertised for Virtual Offices in Las Vegas and sure enough, we have it in Tampa.

Once I get a couple deals under my belt, I would  like to venture into virtual wholesaling as well.