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

When folks headhunt me, I ask for three things.1) Access to their interest rate pricing.2) Put me on the phone with the regional underwriting manager. 3) Put me on the phone with your regional operations manager.4) I'm not interested in talking to you, headhunter/recruiter dude, so go away.I have found that there is absolutely a trade-off.

Given the evictions, I would definitely screen very thoroughly and check everything.  

I would call the lesser qualified tenant and tell her that you had received the other very strong application first and see if she still wants to risk her cash in the screening process.I often may receive several applications in a day and run the screening that evening.

Since I had little knowledge of development and added little value to the deal itself, I asked for a very small percentage of their commission and the chance to be included on emails, phone calls and meetings when applicable. 

Before I found this out though I gathered from our phone conversation that this was a gentleman and his wife that are retired and no longer are living in this house and I believe they are free and clear from the mortgage, although I will find this out tomorrow.