I am just starting out with a 4 family and a 3 family and am targeting to keep the following for EACH property:Operating Account = 2 x monthly mortgage taxes and insurance (MTI)Reserve account = 2 x monthly MTI, plus auto-transfer of 10% of rent collected each monthWhat do you guys think is a good best practice?

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.

Your projection is surely on target, growth fuels cost of living, and for investors that means rental stability (to an extent i would say, area dependent).but with that comes competition as an investor.

Low income area are ok but it depends on your investment area and what are the target markets of your end buyers.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

I think I'll start with studying some markets first and then possibly narrow down and implement your plan.Thanks everyone, this is great!

Instead of focusing on # of properties, I prefer to focus on meeting my desired target passive income I wish to generate from the properties.

I am in Westminster and I have looked at a few Boulder county cities as pretty good targets for wholesaling.

There are also plenty of rentals in my target area where the same tenant has been there for years, which is even better.

One idea: You could post an ad on craigslist to try and get birddogs to drive your targeted areas and look for homes that need repairs on the outside.