--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.

January 2016 Houston Housing StatsHouston Real Estate Highlights in January Single-family home sales declined 2.1 percent compared to January, marking the fourth consecutive monthly decline;Total property sales were unchanged at 4,965 units;Total dollar volume was statistically flat at $1.2 billion;At 262,663, the single-family home average price reached its highest level ever for a January;At $200,000, the single-family home median price also achieved a January high;Single-family homes months of inventory climbed to a 3.3-months supply versus 2.5 months a year earlier;Townhomes/condominium sales rose 15.6 percent with the average price unchanged at $183,076 and the median price up 2.4 percent to $140,000;Leases of single-family homes rose 2.8 percent with rents up 4.2 percent at $1,742;Leases of townhomes/condominiums climbed 12.2 percent with rents up fractionally to $1,568.

If the storm door is closed, unless it doesn't have any glass I doubt you're spending much more than a couple of dollars on heat versus closing the front door.