If you start with highly motivated leads (tax delinquent 3+ years, code violations, absentee owners), your 7-12 touchpoints are WAY more likely to convert than if you're starting with cold Zillow scrapes or generic direct mail lists.I think the real formula is:1.

To find and convert sellers you'll need to work on and improve your sales skills - mainly, you need to know what you're doing (the process), know the product (market comps), and know how to get to the closing table.

Usually 15% at a minimum but 20% is much more common simply due to pricing.What many people do is live in a house for a year or two, then convert it to a rental property when they buy another house to live in. 

@Alana Reynolds I would say take advantage of STR tax benefit as it is already October and then convert to LTR fresh next year and document your narrative why you changed for audit defense.This post does not create a CPA-client relationship.

I purchased the property for $165K and it appraised at $171K at the time of purchase, so I was able to buy it under market.Right after closing, I added a half bath using existing plumbing and added a wall to convert an open space into a private bedroom.

I’ve been picking up extra shifts to increase my income, and I’ve managed to save just over $5k so far.My ultimate goal is to turn my life around and eventually invest in real estate.

It’s to build something that eventually runs without you.

I'm interested in converting my duplex into to MTRs in NYC.

Quote from @Bruce Steinetz: Hello fellow, investors.I am trying to help a friend, who is thinking about converting his private residence into a rental because he is moving to a different city.

In any case, it seems to me that you're a smart guy and that, eventually, you're going to end up finding your own deals as you go.