Here are the average response rates we have seen based on our customer feedback as well as our own mailings throughout the years: Yellow Letters- average response rate of 8%-9%, all kinds of calls (angry calls, curious calls, tire-kickers, quality calls)Postcards- average response rate of .5%, mostly quality calls.Zip Letters- average response rate of 2%, mostly quality calls.

Vacancies, reconditioning, maintenance, inspections, legal costs, etc.They don't understand the importance of doing things correctly and providing a quality property.

And it's a great sign that it's a quality resource.

I am not terribly concerned about the rehab or purchase process, at least on the provider side, but am more concerend about the quality of management from a turnkey provider.

The secret, for me at least, is quality over quantity.

Then a real earning opportunity will be yours as you are your own buyers agent on your next buy.So one year from now ,SPRING 2018, you could have a brokers license, some savings built up, a great tenant that probably wants to renew the lease on your former residence (at a slight increase ) and now you are ready to BUY YOUR NEXT INVESTMENT PROPERTY ( it will be your primary residence for at least a year) BUYING THIS TIME LIKE A ***SMART *** INVESTMENT SAVVY REALTOR-- you will never buy like a first time homeowner, again--but you will buy newer, easy to take care of, highly rentable , APPRECIATING properties that attract good quality tenants.  

I've done this with 3 properties now and I always get multiple qualified applicants, willing to pay slightly more to me (vs. another landlord) because of the service and quality product I deliver.  

If you think it'll location and and innate qualities are great enough, then find a spot on edge to begin your empire.

I know many travelers that will book one property over another just because of the amount and quality of reviews.  

I would plan on slightly raising rents to make sure I'm cash-flowing at least $100 per door.My concerns are the possibility of having CapEx hit me early on since it's an older property, and also the quality of tenants I'll have since it's in a low-income neighborhood.