On a side note, what business management systems are you using to help keep your team together and your business automated?

Additionally, the legal system is set up to favor owners of storage facilities as opposed to being "tenant friendly" like it is in the world of habitational real estate.  

--identify and choose online rent payment system--verify mailing address--determine how to turn one mailing address into 2 apartment addresses through USPS--develop packet for new tenants with utility phone numbers, my contact info, etc.These are a few off the top of my head, and certainly not inclusive.  

Just think of all the additional money you make from keeping 1 tenant for 5 years versus 5 tenants.

If they are not advertising some sort of points as a fee, which is normal I believe just look at the regular banking system.

I would love any advice on systems that experience and seasoned wholesalers have implemented that consistently brought results.I understand the need for persistence, as well as, a somewhat mechanical plan that I need to develop.

I ask him to do a comparison of home prices versus rentals in different markets that we're considering investing in, so I can quickly see how close are houses to the "2% rule" in an area.

Enter destitution.This is the part where I feel like going into a long diatribe about how fcked up the healthcare system is in the USA, and the need for universal coverage.

For people with good credit, probably about 85% of the time the Automated Underwriting System Desktop Underwriter (AUS / DU) results - for FHA and only FHA - say "no verification of rent required."

However, a few expense items are missing or underestimated:Vacancy: I suggest an amount equal to 1 month's rent per year [$1300].Repairs and Maintenance and CapEx: For a $90K house (and without knowing the age of the house or it's major systems), I'd propose more like 1 month's rent to be safe [$1300].Management: Even if you plan to do this yourself, there is going to be a cost in time and money to address late payments, handle repairs, renew leases, etc.