When you don't, you are susceptible to being sold a property that looks like it has a correct valuation based on comps, but the comps (although they may be very close...even across the street) are not valid because they are not part of the micro-market.When you find/analyze for micro-markets, you are analyzing every property in that micro-market by default. 

It's ~2hrs away, so I'm not sure whether hiring a mgmt company is the correct choice in that scenario or not.Cashflow would be nice, obviously, but that's not my main goal.

But two things always demand attention - the desire and need to move from active to passive attention, and the need to move defensively in late markets and late investing careers.Defensive investing is a way of separating your cash from debt in a mature market to mitigate the impact of any kind of correction. 

Thank you for the reply!

@Matt ShieldsMatt and Ronald thanks for the reply, Matt you do make a good point it is very front end heavy with inspections and for someone to transfer their voucher can take 2 to 3 months.

You just have to have them fill out the correct forms.  

Hi BP'rs,I'm a bit behind on my podcast listening pace (but I'll catch up).I recently listened to couple of older podcasts where Brandon Turner had mentioned that there is a lead generation system in Beta stage for pro members.Is this correct ?

Thanks for your reply

Thank you for your reply Minna ,can you please expand on this and explain what my client can expect ?

You are correct that he can't afford his present lifestyle, and so is everyone who's posted above you.