Late payments can have a big effect on your score as well.One way to get into real estate investing is to house hack.

Hey - the red flag right away is that the listing appears to confuse effective rents with net operating income.  

The lease is still in effect and you will be tied to the terms of the lease during this period, if you are lucky enough to be month to month, then the lease is terminated after the last month paid for by the tenant.  

What is the cheapest and most effective ways to direct mail ?

I would be confident your strategy is effective before you start scaling your marketing budget.

Building a website yourself is going to be more cost-effective and ultimately more efficient.

This terminology is new to me.How does the market effect the situation?

However, when the hikes take effect, my ability to raise the rents will be closer at hand corresponding with the end of these current leases.I am going to have an attorney discuss with me my options for dealing with the cleaning fee issue with the current owner and determine if there is something we can work out to make both parties happy with continuing with this deal. 

Skip tracing lists of potentially motivated homeowners and then calling them has proven effective for me.

As long as your debt service is not that high (and I sure hope not) it shouldn't effect your buying power.