I spent about $600 on startup costs: two sets of sheets, blankets, towels, a nice single cup coffee pot, some other decorative touches, and keying the walk out basement door.  

Once you have a handful of properties you can look into cashing out into a blanket loan which will cover multiple properties.  

@James Wheelock most banks will tell you four, if you build a relationship with the right bank they'll let you go up to 10, if you're acquiring a larger portfolio than that you can use what they call a "blanket" loan to consolidate several properties into one loan, or trade up to multifamily so you can have more units under fewer loans.  

Bigger, as a blanket statement, is not the way to think :)

Also I'm looking for a blanket commercial property insurance for my rentals in UT, AZ and NV, please PM me if you can help with that...Jean

@Ryan B. first of all don't be bothered by blanket statements.

keywords: Indianapolis, portfolio lender, blanket loan

I also had a plan in-place to take care of the tenants in this type of scenario (I have space heaters, generators, military blankets and other supplies on standby for emergencies)...but, without a plan in place, and the best HVAC pro in the business to respond at 6 pm on New Year's Eve, I would've been in deep trouble...needless to say, I gave my HVAC guy a serious tip for helping to save the day...In this case, the furnace could be repaired for about $1,250, or replaced for around $5k.

We also ask the owner open ended questions during the property tours / conference calls to identify any inconsistencies and any fishy activity.The owners are also required to sign (a) Blanket Property Financial Statement Certifications and (b) Borrower Certifications.

Then you put them into whatever CRM/email platform you use and go from there with whatever process you already use for leads.First off- never said I was an expert... but hearing I have the worst advice on the forums... oo well, your opinion... internet is a free space, so attack me if you wish.I was just speaking to the fact that it is not necessary to run ads on Facebook, not making any blanket statements about business websites on the whole.