You will also get paper work from the foreclosure atty.

Show the unit if they want it, they either have put in the formal paper application and if they haven’t done the online background one they do that as well.   5.

If you have found a truly great deal due to your differentiated knowledge of the neighborhood/local RE market (i.e. having a reasonably good ARV estimate), or expertise in rehab, or some other differentiator that will give certainty of execution to the transaction, then it's worth putting your key terms/deal structure down on paper and focus on getting an anchor investor (debt or equity) so you can lock up the deal first.

I brought my investor a possible deal that looks pretty good on paper.

Jack's strategy is great on paper, but he just gave a scenario where there's 5 properties with $0 in reserves. 

However, be weary of areas that look good on paper, but will break the bank when the tenant destroys a years worth of cash flow.  

Setup expenses includes furniture, appliances, cookware, repair services, and some supplies such as soaps, toilet paper, tissue paper, etc. 

Those will eat away at your returns with costly repairs and high turnovers, so don't be fooled by a shiny paper with a sweet-looking CAP. 

Potential downsides :If your AGI is currently under $150k and you're able to utilize rental losses and you start making money on paper from the realtor income, it could bump you over the threshold.    

I am not ready to start purchasing upgraded memberships, so I took my pen & paper approach to analyzing rentals and spent some time tonight applying that to an excel spreadsheet.