I recently moved back to the island and I can see daily opportunities for investments in every corner but unfortunately there is not to much info on the internet, so that’s why I’m here asking questions to help investors that are interested in PR.

I am taking some time off from the daily grind and will be in the Phoenix / Scottsdale area for a few weeks. 

Looking at this as a JOB and not a BUSINESS is one of the biggest initial mistakes people make.Successful Brokers:- Prospect for leads DAILY (door knocking, cold calls, calls to personal circle, etc)- Have a follow-up system (mail, calls, emails, texts, etc)- Allocate funds to marketing campaigns (social media, direct mail, online ads, etc.)- Have back-end systems for servicing clients and transaction coordination.- Don't spend time on "busy work".

Yes you may get close sometimes but even a broken clock is right twice daily!

Prepaids include your daily interest between close and end of month, insurance premium, and possibly taxes.If you take out the prepaids, your closing costs run about 5% of the loan, so not too bad. 

Daily rate is $400 (or whatever price would price you out of anything nearby), but the weekly rate is $1000 (or whatever).

It’s definitely not too passive as you have to collect books daily etc.

And then there is the question of the compounding period...daily, monthly, quarterly or annually but let's not go there!

Plus I have reserve cash set aside in case I went over budget.How I Found it- I went to a real estate meetup that I found on BiggerPockets and talked to an agent that set me up for the daily MLS emails. 

Daily fees can be problematic with some judges, so we stick to just one late fee charged all at once.2.