I supplied maps that showed features like grocery stories, transit, etc. and superimpose them around my target area.Also, it is helpful to play with some monte carlo simulations to show investors the odds of your profit estimates being correct.

We have been keeping ample reserves on hand and plan to continue to do so.

I let my contractors supply all the building materials -- lumber, fasteners, paint, Sheetrock, wire, fittings, etc.As for staging materials, staging shouldn't affect the list price of the property.

No savvy agent will work with an investor who can't supply a simple proof of funds.

I'd be really careful about "converting" bedrooms - if you do it properly, you're going to need permits & licensed tradespeople - each bedroom needs Hvac supply & returns, the walls will need outlets & you would probably need windows big enough for "egress" in both bedrooms.

I would not risk leveraging up to the hilt and then find out.The increase in rental supply from the VC's should begin to balance the market at least.

Are you talking about the hot and cold on the bottom of the faucet where you put the supply lines?

Unless you grab a deal at a substantially discounted price with an ample profit margin, it's very tough to make the numbers pencil out with hard money.

So will we have a situation where supply is thin in the sand states where most investors and hedge funds are concentrated and a glut in markets like Cleveland, Philadelphia, Akron, Buffalo where inventories haved piled up?

The supply of housing is still in the favor of buyers, for now.