On the otherhand, it the property is overpriced and the wholesaler doesn't know how to present it with realistic repairs, ROI, etc. they'll have to work extremely hard to find naive buyers.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

We got the entire overage as the payoff on the loan was over $100,000To those reading this who are newer to the space - this is extremely rare and does not happen often and probably for many will never happen.

Nobody talks about headache factor or the stress from the extremes of RE enough in my opinion. 

I've been looking at single family home prices and rental prices in Austin TX and its suburban areas, and it feels like it's extremely unrealistic to find something that passes the 2% rule.

I understand dead money but with high interest rates and putting minimal money down or re-fying leaving 80% LTV the margins on SFR's is extremely tight. 

These days homes can be extremely expensive and I'm not going to spend my hard earned money to settle for a home that has all these funky changes.   

I would say its extremely important to have a quick (like 60 second elevator pitch) for why you want to enter the business and what returns you are looking to get. 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Choosing your market is extremely important..