Find a way to get qualified leads yourself, either through direct mail to sellers or connect with a couple of good wholesalers.

Schedule E helps of course.Verify the gross incomecalculate the property taxes that you will pay when the property is re-assessed after the saleGet a few new insurance quotes because it normally increases for new owners if your lender requires windstorm coverageAdd a management feeuse the 50% rule to quickly look at deals to estimate a cap quickly

Update 2, 1.24.14Hey everyone, so I started my 2nd attempt at yellow letters but this time, my method is different from my 1st campaign, mainly in my lead quality and mailing method.First, my list source is different.

Those that fall short will sell high-pitched seminars (they operate in the 'S' and sell to the 'E' quadrant).

Careful with the fmap.org link above, I signed up and got flooded with calls, txts, and emails from brokers within 2 minutes.

My partner says at this point we should run the comps, get an estimate, and email the seller an intent to buy, and see if he accepts.

Hi Christian E , and welcome to BP!

mine was somewhere around 10% when mailing absentee owners.Is this your most powerful form of marketing?

They email me and try to pitch me 50k properties that I can buy on the MLS all day for 25k-30k

find the investors who have bought for cash in that location, mail or call them.