Here are a list of 5 apps that two successful realtors I know are using on their iPads:1.Property Evaluator: This is an app for agents who work primarily on REOs or with real estate investors because it is a real estate investment analysis software.

Upside is a developer may want to buy you out, low cap rate when selling, or value still high if things go wrong.

Because I travel so much for business, we have been using Trex-global for our accounting software.

The main reasons are the population of these two cities are growing fast, there will be high speed rail station built up in Palmdale which will help local development, and finally these two cities are within 60 miles radius of LA.

It could end up costing thousands in legal fees.I have had success getting tenants to leave by finding them another unit in the same development & paying for their moving costs (a few hundred dollars).

You first have to become very familiar with the market and you initially must spend time in the market. second you must develop a reliable team if not a property manager at least a handyman and contacts for more complicated repairs.

The Realtor should meet the agent doing the BPO to provide comp.s and any repair estimates that You can develop to help justify the price.

That last part is an important clue to vetting the don't care properties from the ones that the owner just hasn't gotten around to working on (REO, rehabber, developer, etc.).Do you mail, door knock, hire kids on bicycles, etc.?

Alison Miller - That is great advice, and in fact I've developed my own software to keep track of all my leads and mailings.

Subsequently, I'm trying to develop a strategy, where I can gain a monthly cash flow on the mtg. pmt WITHOUT the risk.