Landlord runs out of courtroom crying, jumps in car, with tears in eyes blows thru stop sign because couldn't clearly see, cop sees and floors it to pursue and pull over but, in such a fit landlord threw on music as ear-bleed level to "just chill" so never hears the sirens, cop's thinking maybe it's a jail break, calls in backup, now there's a whole slew of cops in pursuit, chopper swoops in and it's on the news, now landlord sees a sea of lights in rear view mirror but it's too late, now it's live streaming and landlords boss sees and recognizes his star employees vehicle right away, and right as he was going to give a promotion.

And many top producing agents then get pitched all sorts of opportunities.at the end of the day when you consider the debt people take on to buy into cash flow there are many business's that would equal or exceed the revenue streams given the same debt and cash.. in my mind real estate has just been pitched and seems the easiest for those with limited business experience to understand ..

Always screen every person 18 or older and add them to the lease, even if they are not paying the rent.It's very common for one person with a clean record to apply and then move in other people that are a danger to your property, your income stream, or others.

For every millennial with a degree in crap like gender studies, there is a millennial dumb enough to believe main stream media articles such as this.

Just sort of my stream of consciousness that I'm writing down here.

@Taylor L.So you’re saying they made a decision that ended up bringing in another revenue stream was a bad decision?

I was going to start with either a logistic regression or naive bayes since most of the variables are categorical and the dependent variable is binary but a decision tree might be the way to go.I was also thinking of trying to tie in life events (birth, birth +17 years, marriage, divorce, credit card default, tax lien, etc) to the model but there are substantial hurdles: access to data, reliability, scraping and\or text mining, having a dynamic stream, accurately tying the life event to the right person\household, etc.My actual end goal is to approach deal-finding in a data-driven way, my current thought process on how to achieve that goal may not be correct, and I'm more than willing to adjust, but I'm thinking there must be a more analytical approach than relying on word of mouth or MLS emails.Trevor, what was your goal when scraping properties near military bases?

I would additionally keep in mind and remember that this is a PASSIVE income stream so that will help you make better decisions in allowing other to manage and create less of an intrusion on your daily life. 

Quick overview: FHA/203K stream line LOAN at 4.25%purchased a duplex for $299k in Boonton NJ. 203k at $19,800 on chimney repair, roof, and miscPITI + MIP $2,771Rent: 1,700First water/sewage bill is $78 per quarterEstimated rehab cost is around$50k ish and I am hoping to do all the updates within the first year.

You won't retire on that income stream, but you'll probably break even or slightly better, and you'll have a beach property you can visit a couple of times a year.Or you can get an SFH/Duplex in a different beach community and make a solid profit, and still have a place to stay on the regular.