It is actually just a tool to create the already mentioned accelerated depreciation.

Quote from @John Williams: Quote from @Daniel McDonald: @John Williams like Bruce mentioned area is going to play a huge part. 

Since you mentioned cashflowing properties, I'd add Dayton, OH to your list of markets you're doing research on. 

One thing you can do right now: create the Furnished Finder listing with unfurnished photos, mention in the description that the property will be furnished soon, and start fielding inquiries and watching the unmatched leads section.

As you mentioned, it might be difficult timing the sales of each of properties where you can achieve a combined exchange (multiple properties into 1 property / or a few properties).Just a quick note that may be helpful - I work with a group of investors that can help with a combined exchange into a single property and will buy it back once you've found a replacement propertie(s) as the final destination for your capital.

You should be able to get ~25-30% cap rates in canton city but you will have a certain kind of tenant as mentioned earlier.  

As you mentioned, there are plenty of coaching programs that cost a small fortune and may not be all that helpful.

Banks do not sell notes to just anyone off the street.When you acquire the note, you are now a lender with a collateral interest, as Dion mentioned, get a deed in lieu of foreclosure, you could give cash for the keys.Over the years I've done this many times before the words "short sale" were ever adopted in real estate terminology.

Like Greg mentioned, I would be concerned with his/her responsiveness while I was living there. 

Why haven't any of the BP podcasts mentioned this?