If I properly vet a tenant and have a good screening process in place, is it a wise to invest in lower income neighborhoods? 

It enables you to scan receipts from your phone and it's OCR capability "reads" pertinent information and integrates into Quickbooks eliminating a lot of data entry and paper records.

Get out there and knock on some doors, make some phone calls, meet with people and solve some problems; don't let fear keep you from your seven figure goal!

I'd suggest getting a human CPA and getting them on the phone with your go-to loan officer with both of them having copies of your previous years' return in front of them."

Hello Scott,Tried contacting you by phone and text with no response,  the materials I purchased are missing from the apartments you started, any idea where they could be?

None of my properties do, and the capital tied up in them continues to perform just fine.That said, it's more difficult to find a property locally where the free cash flow is better than, say, the dividend income thrown off by investing in a Blue Chip dividend mutual fund.If you're looking at small Multifamily properties locally and want a first pass "rule," I suggest using a GRM target of 12-14 as a first screen, assuming you're looking for a property that will throw off free cash flow with a 70% leveraged mortgage.If you want to more than basic long term buy it and hold it, you can do it.  

You have to answer the phone whenever you can when a prospect calls.  

I would still recommend running credit, criminal and eviction and being specific about your screening criteria.  

Find them through Google and meetup.com You can do this via phone till you arrive.Two Great reads, I bought both J.

 reviews I've used Susan Walker at Walker Jones Lake PC for the past  25 plus years her phone number is 757 486~0333