Focus on being an Investor not a Landlord.Do the math here… with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income.

Your going to need it.I've received a few good leads from BP.

At the end of the day, in my experience, here are a handful of things that aren't terribly expensive and can really help when multiple ones are done together:- Nice laminate floors throughout (or, if you have hardwood and can get the cost in the same range, refinishing those,)- Fresh paint throughout with nice earthy/neutral tones and contrast - I hate obvious paint patching, it makes a property feel like such a cheap rental, as opposed to a classy little place to live. - When you paint, have the painter also scrape the ceilings if you have popcorn/acoustic ceilings.- Brushed nickel fixtures (or something similar) - light fixtures, faucets, etc.- Brushed nickel knobs/handles (or something similar.)- If you have a couple bucks left in the budget, get new (and when I say new, I mean on sale/refurbished/wholesale) stainless steel appliances.

You are also going to need to run a dehumidifier. 

City-data used to have a violent crime map overlay that showed a SW to NE channel of violent crime, but I can't find that map anymore.

I put on upbeat music and usually have a candle burning. 

In effect servicers are going to need to have the same licenses as the originators in order to service loans much as some states already require.

very difficult.. this is friends and family type of money IE 100k... and the folks your talking to are correct NPN  and second particularly are complicated and risky. so I can see that sentiment.I would get your warm market to do the deal and build track record your going to need to talk to a lot of people.. most people sophisticated enough to understand this and have money frankly won't need you they will just do it themselves.. so you need to find that tweener or you need to just sell the notes you tie up to these folks that have money and the ability a referral fee or flip fee as it were

YOur going to need to track virtually every sale in the county your interested in.

If you aren't going to live there you are going to need to put down 20%, not 1.