It is amazing how many calls a sign at the road and in the yard will generate because people often drive by the areas they want to live in. 

Has anyone used Investor Carrot - https://oncarrot.com/ - for lead generation sites?

I know I'm a couple days late to this thread but had a couple thoughts to share.The rapid price appreciation in the neighborhoods @Patrick Young described isn't random, it's what happens when an intown neighborhood transitions from being primarily rentals to being primarily owner-occupied.  

Dear all,I would appreciate if you could share your experience on how to start, and if possible automate, lead generation for motivated sellers, as well as property buyers.Thank you.

You may wish to consider an S-corp for a business that generates short term gains/ordinary income.  

Ultimately, my goal is to build up a portfolio of buy and holds to generate enough cash flow to live on but as long as I’m working, I don’t need any cash flow right now.

The reason you have such crazy tenant laws is because the high demand...I'd much rather be dealing w this crazy government interference that generates WAY more media coverage than real impact to either side of tenant or landlord.....Than C class tenant...Trust me when I say I have got the best tenant experience in San Francisco, for 10 years....

I have looked into turnkey options, but am wary of just random houses in random neighborhoods.  

What is the cheapest way to complete a 1065 and generate K1s and Schedule  Es?

If he is fixated on the Rear View Mirror (historic data like past rents and expenses, historic property valves, etc.) then he will surely crash his vehicle.If he is fixated on the side windows (current data like current cashflow, which is rents and expenses), then he will surely crash his car.HOWEVER, if he is looking out the windshield (future cashflows generated from new project developments, zoning changes, migration of people, etc.) 90% of the time, the CEO will know that there may be an obstacle in the way or that the bridge is out and the bright warning signs are in front of him to stop before he falls off a cliff.The problem is that you may have too much momentum and you cannot quickly stop your Investment vehicle, especially Real Estate Investments.