So, this means, eliminating all distractions when working, but finding time (ideally one day a week) when you really unplug. 

If I was expecting to redeploy that capital inside of 24 months I would absolutely choose the ~$1,500 penalty over missing out on a deal though.Not sure if you’re doing it already but most of the big 5 have a great auto readvancing product that will allow you to leverage equity via a secured LOC.

I'll let you know who we ended up with, but it wasn't ideal.  

Ideally, they should own the property first (not have it as a listing on the MLS) they should renovate it all in-house, please a tenant, and then continue to stay on as the property manager (also in-house) after the purchase.

Accounting for vacancy, repairs, HOA fees, taxes, insurance, and non-ideal financing, these look like they typically have $100/month positive cash-flow.

If you are always driving for work, will listen to what someone is looking for, and have been doing the research, you are in an ideal spot to birddog and learn and will be useful to someone who doesn't mail.

It must do at least; skip trace then SMS then campaign management (auto responders, auto repeat every NN days, reminders).

From what I've learned since that time I've concluded that I'll no longer do loans with that bank because they're far more home-owner focused than investor friendly, which isn't wrong, but makes them a less ideal fit for me.I look forward to continuing to learn from you in the REI world!

The ideal way would be to find a 4 family.

I was able to get $675 a month in rent for the property on a 12-month lease.Mortgage- $246 per monthInsurance- $60 per monthTaxes $1600 per year ($133 per month)I am not sure if investing in downstate IL is the ideal investment because property taxes are high, the state is losing population, and there is very little appreciation.