If used, they're paid off quickly of course....I agree that too much is a waste for a guy like you who is scaling....go buy more properties, you can always come up with some $$ if you have to....

However, the attorney will tell you it's a waste of money as the city will find you guilty and then you have the fine as well as the legal fee to pay for the lawyer being there with you. 

Conversationally ask what their process is for finding deals that could potentially yield a good cash flow and cash on cash return.There are varying degrees of what I would call "investor-ready" agents, from like a level 0 agent who can't even spell investment; to level 1 where they know the terminology but can't really do investment math and don't understand the approach for evaluating a deal; level 2 where they do know how to evaluate a deal but can only do that on a hunt-and-peck basis with random single listings on the MLS; level 3 is like level 2 but they have an ability to correlate the single listing with a single set of rental info such as through rentometer; level 4 when they know how to take a CSV dump out of the MLS and plug in rental information to develop cash on cash scenarios in Excel; level 5 when they can load a CSV dumped out of the MLS, and another CSV of the MLS rental info, into a database like SQL Server, and run a query that correlates the for sale listings with the rental listings by either geocode or subdivision, and then sort the result by the calculated estimates of cash on cash ROI.

Anything else will end up being a frustrating waste of time…especially for the mentor.I’m about to launch an E-Book titled “The Fast Track Guide to a Value Add Multifamily Project”.

I've always thought that higher education was wasted on most people anyway.

The IRS really doesn't care if you categorize anything and it is senseless to waste your time trying to create pie chart, etc. 

Plus you have a door to the LR right there which will be an accident waiting for someone to walk into the open frig door with a load of clothes..  

I don't want to waste money on a repair bill that could simply go toward a new fridge.

The property was funded with a FHA load- so low money down.

Choice is yours.It is my honest genuine opinion, that cold calling, bandit signs, DMM, text messaging etc. etc is a waste of time money and energy.. and I have shown proof to back up this opinion.