In our market, the max sustainable rental is about $1300 and the associated property max value is about $150K.  

With Supra Key App, Lockbox, ARMLS dues, Association (this varies widely I am with PAR), E&O insurance etc.

The national association of realtors says that we are at a 19 years Low for inventory.  

Further more is there fees associated with having a contractor coming to look at a property before I decided to buy it, etc.

I would suggest joining one of your local Real Estate groups: REIA (Real Estate Investors Association) or another organized group.

See below for how to do that.Step 4: Deduct as Schedule E rental expenses the allocable mortgage interest and property taxes from Step 3.Step 5: If there’s any net rental income left after Step 4, deduct as rental costs allocable indirect expenses — maintenance, utilities, association fees, insurance, depreciation and so forth on Schedule E — but only to the point where you zero out rental income.

You’ll want to get a good understanding of the type, terms, and prepayment options associated with the loan as you do not want your operator to be forced to sell before they’ve been able to perform the complete business plan if it is not in the best interest of the investors.Some items you’ll want to acquaint yourself with are the difference between bridge and traditional loans, prepayment penalties or defeasance fees, interest only periods, rate caps, and refinance options available for the specific loan your operator is leveraging.

I have a leads list of 600 potential multi-family properties and the mailing addresses of their associated owners.

It looks like there is a house and 2 rental units associated.

@Maurice Hayes Josh Rand at Rand and Associates