You could also search for a turnkey provider to make it super passive.

Hey Dylan, a super simple and effective technique that I found is using Zillow and then just saving the home as you drive past it.

REIT’s can pay monthly dividend as they are required to pay about 90% of there profits to shareholders each year for tax purposes. you desire and you can super charge your monthly income and reduce your volatility and risk with selling options.

So these need to be factored into your costs as you work your numbers.Find a good quality property manager and ask them for advice.Don't go for the super cheap property. 

I would be SUPER skeptical that a 20k house needs no repairs.

Not familiar with the Texas requirements, but the California ones are super easy and can be done online and California is known to be a over-regulated state compared to Texas - the #1 destination for California businesses to migrate to.When you buy properties at auction, you need to have a cashier's check ready to pay the full amount at close.

The Home Depot (big box hardware)Lowe's (big box hardware)Ace Hardware (middle market hardware)Plumbing Supply.com (hard to find plumbing stuff including short risers for clawfoot tubs in bathrooms with low ceilings) Murdoch's (tools & clothes)Tractor Supply Company (tools)MFS Supply (REI Stuff - really like these folks)Amazon (just about everything)Xero (Accounting Software)Ring Central (phone system)Wix (web hosting)First Bank (banking)Wells Fargo (banking - not lending)REI Guard (insurance)Allstate (insurance)With relation to dumping and cars and such - I have an old used Ford Super Duty.

Since you're new, if you're in a competitive market it ain't going to happen anytime soon especially in super competitive markets like LA where people are dropping 5 figures a month on just direct mail marketing not to mention their other pipelines.If you do direct mail correctly with enough targets then you can expect solid results.

Super glad to have discovered this community and resource and hope to have enough success to contribute back as well!

Hello all, I recently went driving for dollars and found many houses that looked super distressed and vacant.