I have a prospective tenant who is a single mom with 2 teenagers.

I want to make the best decision in this area for a favorable financial outcome, whereas I’m finding some professionals are more so looking for a quick sale.

I want to make the best decision in this area for a favorable financial outcome, whereas I’m finding some professionals are more so looking for a quick sale.

Good outcomes are good for everybody.

"Driving for dollars" is one of the ways to your finding prospective properties in your market.  

Scott's books on flipping and estimating rehab costs are also great sources of info.As far as wholesaling is concerned, Find out: Your target area; ALL costs of a mail campaign (list, letters, postcards, necessary office supplies, postage, etc); budget for 6 months-1year of mailings; develop scripts for prospective sellers (what to say to them); learn to track responses, follow-ups, conversion rates, overall campaign effectiveness, etc.Build your team; title company, RE attorney, cash buyers, closing agents, etc.Feel free to reach out if you need any info.

Remember there are variable expenses such as vacancy rates, repair rates and management fees so when someone tells you an ROI make sure your comparing apples to apples meaning create a formula you're comfortable with and then run all of your prospective properties through your equation.

My wife has a pretty good job and aa great boss that has been very considerate of my situation.The math anaysis side of investing is very important and must be done before all offers as well as looking at the prospective property or at least have a clause in the sales contract that allows you the time (about 10 days) to make a detailed inspection and possibly back out of the deal without a penalty that would hurt to lose.  

Pre-2000's it was a much easier prospect, i.e. - tenant's rent covered property taxes and a good portion of mortgage.

I use Insightly to manage my contacts and plan out/track prospecting.