From there acquiring a building and attaining a sales license would be neccasary in some states.

I am in final stages of acquiring my real estate license.  

@Ryan Wright  When banks calculate your DTI ratio, they include the additional debt you will be taking on.  

Our buy and hold strategy is purely for income supplementation and to leverage into additional buy and hold strategies.

They basically come out the same if you leverage on both sides and then never take additional action.

In addition to the tools listed, I use Google maps to also learn an area. 

Create additional columns to the right of your leads with your mailing dates as the headings.  

One for 28k that rents for 400 a month with a 70 hoa and another one at 50k that I put 6 k into, sold and did a 1031 exchange to acquire my newest property.210k purchase price with 90k down owner financing on the remainder at 6 percent interest only for 5 years with balloon payments annually.

Have any of you experienced this and know of an effective way to prevent the additional waste?

I have one rental property and am working on acquiring a second.Please check out my profile and I look forward to meeting you.Laureen