Who is going to lead the charge so to speak?

.), reaching out to these owners can yield leads that in turn can lead to property purchases as a significant discount from market value.The process of finding discounted properties, especially for the newer investor (like me) can be daunting.

As well as a shoddy rent role for the kids. 

Also make sure they aren't prequalifing you and you sound like a dead lead.

You should seriously consider partnering with someone who can lead you by the hand and help you learn from their mistakes instead of your own.

So far I feel like I have a few warm leads and possibly 1 hot lead but I'm not sure the guy is being 100% honest.  

Also keep in mind the "20-30" may be a little bit of an exaggeration, but who knows, if they really are getting that to work on phone book leads then good for them.I would say you'd have better success buying a targeted list from somebody like InfoUSA, or WalterKarlSerenity Now!   

@Tajuana W.The first steps to success in a relationship intensive business like real estate investing is to educate yourself and build the team (partners) you need to monetize leads.

I really have been pleasantly surprised by a lead that came from my Craigslist ads that has developed into a huge deal.I have a family that was losing there farm to foreclosure who contacted me asking if I could buy there farm and allow them to stay there.

In fact, I'd argue that you'll obtain better business education by investing out-of-state because this puts you into a business management role rather than a worker bee role.