Most successful marketers are mailing their lists as many of ten (10) + times with a well-thought-out campaign of sequential messages combined with outbound calling and perhaps door knocking, too. 

If you never raise rents on an existing tenant in a rising market, you may end up way under market and not keeping up with increases in insurance, taxes, planning for future capital improvements and other expenses.Small increases when the market is rising are a very good way to keep a good tenant as they won't find anything better when they look around as long as you keep it on the low end of current market.    

Instead of sending them letters, I knocked on the door of their mailing address to present the offers (because I need to turn a profit like ASAP at the time). 

In thinking about the "millionaire next door", you would never know who he/she was unless you asked.

I at least use the 1% rule and also like to have a minimum of $200+ per door passive cash flow after expenses and reserves.  

Keep in mind some parts of the job (such as finish work - hanging cabinets, trim, doors, decks etc) putting up fences etc would be done by us/his crew, other parts would be hired out and we'd be paying full retail for nothing.8 bdrms, 6 baths two 2 car garages (so 4 bd 3 ba ea unit) would be the ideal layout with a basement.  

I'm scoping out the neighborhood for my first deal and am wondering about the impact a new mid-rise apartment building will have on the neighborhood.

That's what makes the idea of a 2 unit interesting to me...there is a separate entrance already into the basement: you walked by a locked door that leads to the upstairs 1/2 of the house.

The company where I hang my license manages more than 400 total doors, and a majority are college student housing, but still plenty of long term families or young professionals.  

Singles are relatively cheap to appraise, but a multi-family can be upwards of $500/door :ouch: