Ouch.. 200-300 dollars per month for an indefinite period of time that will never compound in your favor...Consider looking for a duplex, triplex, or quad in your target neighborhood that cashflows.

Ideally you've of already visited the areas you're targeting so you have a sense of the vibe of who's renting, what they need/want, where they go, where they work.Now let's pretend everything went smooth, you're either going to work with realtor to get it rented or a PM.

Here is my list of available resources and then I will list the needed resources and let’s see if there is anything missing.

Here is my list of available resources and then I will list the needed resources and let’s see if there is anything missing.

Here is my list of available resources and then I will list the needed resources and let’s see if there is anything missing.

That information was so on target. 

Michael Papps Wish I knew then what I know now, but with $75,000 I would invest it in performing notes and target 12% annual returns and reinvest those returns every year.

This makes sense since the PM has a system already in place, knows the community and the clientele, and probably has much better resources than the out-of-state investor has.  

Generally your target monthly rent should be a minimum 1% of the total value of the property.

I've thought of just sending a handwritten letter as well but I'm too impatient for that since it's one property rather then targeting a group of properties.