Cars all accomplish the same thing....take you to your destination, whether it costs $100 or $200K.My focus is on Real Estate as I see where my money goes and it generates cash flow!

We've talked about investing in a small house or apartment and potentially renting it out to generate some cash flow (easy to find tenants as a university student, I'm very comfortable with roommates). 

Then, he also told me I don't need to document my tenant screening criteria and that I should rent to males instead of females because "in his generation" females were tougher on properties. 

Have you ever generated income from direct mail to probate attorneys or any direct mail piece at all?

What type of strategy are you employing as well? 

In Sacramento where I've been focusing most of my search home prices are about half of what the are in my current area but still I struggle to find anything that looks it will generate cash.   

So far i have called the previous landlords, called current/former employers to validate salary and years of service. obtained a credit and background check, had them fill out an application.Are there any key things I am missing?

It's more expensive primarily because this deal has a different risk profile than a conventional one and non-conventional lenders have a higher cost of capital (which they pass along to you in the form of higher rates).Generally I think the way to think about it is the profit you stand to generate from this deal far outweighs your cost of short-term capital. 

This means no, you do not get a title report or insurance from the court.I've been in a number of cases where it was necessary to complete a double, serial probate due to several successive generations of deceased owners.

I am new investor on the block with a desire to generate passive income to support family using RE investing to pursue other goals outside of RE.