One thing I'd add - you'll want to track response rates by lead source alongside that cost metric.

Any go-to sources you recommend for solid note deals?

How do you currently source wholesale deals / connect with investors / find reliable contractors for renos?

My current focus is sourcing off-market opportunities, primarily through direct outreach to owners, networking, and local market relationships, along with traditional channels like the MLS and pocket listings. 

Well, my personal opinion would be, if I have other source of active incone, I would priorotize depreciation but I would never get into a deal if I know that I might lose money.

Hey everyone,I’m currently digging into the Atlanta market to source off-market opportunities, specifically focusing on single family homes and multi family homes.Before I start locking things up, I want to make sure I’m targeting the right areas and price points that local investors actually want right now.

Referrals are usually the strongest source long-term because they come pre-trusted.

Is it sourcing the off-market deals, or having the reliable capital to close them in less than 10 days?

That’s been the most consistent approach for me and for the investors I support.So my strategy is a bit different: I usually source the deals first, then decide whether it makes sense to keep it as a rental or pass it to another investor.Always open to hearing how others structure their deals though!

This person would be our "boots on the ground" and sources the deal, manages the renovation, and handles resale.