I have two goals for real estate:diversify my existing portfolio for tax efficient long-term growthprovide a somewhat passive income stream for a (hopefully) early retirement. 

I'm a beginner and come across wholesale deals I see from being on mailing lists etc and would like to get some help on an efficient way to decide if I should put an offer or not.

Additional bedrooms are positioned near the upper laundry closet making efficient use of the hall space & eliminating the tedious task of transferring laundry up & downstairs.

Is it the most efficient use of money?

It's super efficient and I usually have time to visit my properties, meet brokers, talk to my property management company, scope out new properties, and have happy-hour cocktails with my business partners :)Dallas has been doing pretty well last few years and have a pretty diverse economy.

Cashflow, Loan paydown, Appreciation, and Tax savings) throughout the life of the investment- Cap Rate (Capitalization Rate) is a measure of how efficient a property generates NOI in relation to the property's cost/value.

What's the most efficient yet effective way of doing this so my tenant feels safe, and I feel protected as well. 

I will definitely pay more attention to how they can manage the property more efficiently, implementing RUBS programs, things like that.  

So, one of the most important things I can leave you with is to do your best to find ways to be more cost efficient to increase your ROI.

I love anything to do with numbers, dollar signs, creating & implementing efficient systems, and analysis paralysis.It looks like there are quite a few other locals on here and in the game.