Of course, I know of some listing agents who probably don't submit all offers, as many listing agents believe a low offer is a negative reflection on them.

For a larger profit both cash flow and capital appreciation, the investor must lease to non credit tenants who have little market power and will pay a return reflecting a much higher cap rate.

The lessons in that book reflect so much of life--even investing, if you look deeply enough.

Otherwise, your market should reflect the risk and stagering your leases will reduce larger vacancy rates at one time. 20% of the portfolio debt service should be allocated as a minimum.Rehabing, reserves are really on a case by case basis at the time and I don't see you actually participating in such matters, but to the extent as a financing conduit, so refer back to the 80% refi thoughts.I might be rambling now.....but reserves should be assessed to the risk assumed less amounts that can be transferred, to an insurance company or to other investors of by selling of refing the deal.Each aspect or portfolio represents a risk where reserves should be set.

I was, clumsily, trying to say that I value your posts in general but not on this subject and my disagreement with you on this subject is not a reflection of my general view of you or your posts.Regarding running multiple businesses, I think you have to take my sentence in the context of this thread and everything else I have said in this and the other thread.

We have modified our website to reflect our company address and phone number.

I am using external flash with small softbox or reflect it from walls or ceiling.

Thus it is not easy to: A) Find a large number of deals in which you can invest, B) Compare investment criteria among deals such as risk/return, fees, splits, projected returns, C) Find investment track records for syndicators, the key person that has the most control over your investment.That leaves you in a position where you have a few options: 1) trust the opaque due diligence process of a crowdfunding site and invest there in a (rare) equity offering 2) Do your research to find a reputable syndicator that works in your preferred property type and in the areas you want to invest, look at their documents and ask to talk with their prior investors so you are comfortable putting them in charge of your money, or 3) invest in public securities,  they are liquid and they take no particular effort, bit your returns will reflect that. 

Here's how I do it, however I guess it depends on what socioeconomic group you are dealing with - however when I advertise rent/vacancy == when I am going over the lease/at a showing I inform the applicant the advertised rent reflects an online payment discount.  

@Don KonipolYour statement reflects the bravado of youth and the knowledge that comes with experience (age).