[Edited] Ft Worth, Tx1950 sq ft 4 br / 2 BA 7,000 sq ft lotThey are asking $175k for it. Based on what other tents are gong for in the area it seems like this could rent for about $1,600. Just based on numbers and not...

In my experience, there are 3 critical components to a marketing piece.  1) Get your prospect to notice/open your mail, 2) Get them to read your message, 3) Get them to take action.Your question relates to #1.  

@Jessica SwingleThanks for the recommendation, I will certainly add him to the list of prospective property managers to do research on.

I have bought and sold my own homes in the past but I am now exploring my options in regards to opening a brokerage, so I'd love to talk to current or prospective agents to see what you look for in a broker.Glad to be a part of this community!

Let's say for a one bedroom apartment in Brooklyn you pay around $1200-$1500 (around Prospect Park area).

It might be worth it for prospective sellers who have big problems.I've done some six different deals over the years where the family did not have the money to bury the decedent.

Hi @Joel KadlecNot a recommendation on a specific company, but general advice on choosing a property management company:Make sure you spend the time getting to know a prospective property manager.

You will want to check local law, but in my jurisdiction an UNLICENSED person CAN do the following:  Delivering a lease application, a lease, or any amendment thereof to any person;Receiving a lease application, lease, or amendment thereof, a security deposit, rental payment, or any related payment for delivery to and made payable to the real estate firm or owner;Showing a rental unit to any person, or executing leases or rental agreements, and the employee or retainee is acting under the direct instruction of the owner or designated or managing brokerProviding information about a rental unit, a lease, an application for lease, or a security deposit and rental amounts to any prospective tenant; orAssisting in the performance of property management functions by carrying out administrative, clerical, financial, or maintenance tasks.The key is in how the money is handled. 

Being new to the craft I am looking at finding as much information as i can on finding, bidding and funding prospective deals.

Further, cash-on-cash returns =  (NOI-loan payments)/DP.Since financing options are different for every buyer, you don't want to include it when calculating your NOI, which then enables you to calculate the Cap Rate; and based on the Cap Rate, compare all your prospective acquisitions on an equal basis.However, you do want to include your proposed financing for each property when calculating the cash-on-cash return, as it is based on your actual down payment.Happy InvestingErik