It's important to note that one can have different criteria for different properties as long as it's consistent for a given property, subject to LL policy changes in a multi where those changes may have to be implemented over time as leases expire.You obviously don't have rental property in Texas.

Get a title report for all purchases in your target market for the past year.Then any names that show up more than once and any LLC's, INC's etc keep those filter out the rest.You now have a list of actual buyers who buy for sure in your area.

If the information is good information, and you work hard to implement those systems, you will have a high rate of success.I met a guy that told me he has been going to bootcamps and workshops for over 20 years and he still hasn't purchased any real estate besides his own primary residence.Becoming a successful Real Estate Investor starts with your mindset.

Wed implement these things 1 by 1.

I would target a bit higher , like in the 50-70% range if your units are good enough to warrant it.

What I mean by this is that when you purchase a property, by targeting specific things such as vacant properties, estate sales, or distressed sellers you can target a lower prices that allow you to super charge your cash flows, build smart equity in the properties with out having to deal with working around tenants and have a good amount of equity in the property even before you make your first mortgage payment.

Ultimately, we need to leverage these houses to let us continue to grow and retire on-time.We plan to target SFR with a total cost of around $75K, though we would consider anything from $50K to $100K.

I'm just saying you should make your expecations to be more realistic for both savings goals and target property price so you can actually follow through with your goals when the time is right.

In the end I remained patient, stuck to my numbers, and eventually met my targets on my terms.

And if I do have to have a business plan writen would it be like a retail business plan were you have to have industry stats and market nich as well as targeted market?