Attorneys are expensive so you do not want to start the clock prematurely and run up thousands in costs for a deal that failed before it ever started.

And, to add insult to injury, my small, tired, 1980's units will pull $1k/mo, and you'll have to settle for $850 for a much newer & nicer home.

You will tire of that 2 hour drive VERY quickly, and you will not be making the monthly drive bys like you think you will now.

And your right I will not have the same level of temptation to buy prematurely like my fellow newbies, at least for now.

I recently decided to go get a RE license, tired of relying on others when I am putting big $ on the line, I feel like that tool will help mitigate potential losses.

Many times investors that do not want any PM for themselves or they are tired of worrying about a PM managing their investment sell and move to triple net (more hands off).I understand why people deal with the low income properties because they are trying to leverage up yield with little money to start.If you are a professional with a bunch of money to invest it doesn't make sense with your time and lifestyle to deal with issues like that all the time.Many low income individuals have not completed high school and have been living off of government programs to help them exist.

All have good and bad areas.If you go urban core you will be competing with the big institutions driving caps down to be ultra safe.Suburban you get the big boys sometimes that get tired of buying urban core in an over heated market.Rural areas you are competing with mostly local investors and people willing to take on a little more risk for the extra yield.

If Excel didn't fail me this evening or if I'm not too tired to figure this out the right way if you use 20% for the timing of each of those cash flows you would make $30,921.51 over 5 years without doing any PV calculations. 20% is generally what real estate investors target to make things worth their while.At 15% you'd make $23,191.13.At 10% you'd make $15,460.76.If I was less lazy I'd figure out the exact requirements, but it should be a bit more than 10% from the crude analysis above.

Just tired of one at a time.

So, a campaign of roughly 5-7 months per list.4- Response rates are very, very dependent on your specific market, however 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.