Quote from @Nicholas L.: @James Hamlingyep - and when a tenant stops paying the whole thing implodes.Yeah I just don't see how it's a "solution" for either side, "buyer" or "seller". 

Quote from @Nicholas L.: @Samuel DioufI think @Becca F. is making the point not that there aren't deals in Ohio - there are deals everywhere - but that you're not going to "cash flow" just by buying a random property. 

@Jonathan Greene @Jay Hinrichs @Nicholas L. short sales are almost always done through RE agents and are a major pain the butt if the lender servicer wont respond in a timely fashion.Pre foreclosure you dont use and agent but if your talking NY I think and not totally sure but I think only an attorney can draft the Deed transfering title .

Ugh.Looking for options to QBO:- supports classes, or some functional equivalent to QBO classes, which I use to sort be able to look at per-property P&L, capEx, etc.- CPA just wants a pdf or excel SS for P&L, BalanceSheet, GL - so could use whatever I want, in theory.- bank integration (download transactions) a must- no employees, so don't need payroll- if it'll bill that's awesome.

Im not an attorney or anything close to it but it seems a simple P&L statement that is broken down monthly could reveal the tenants not paying their rent on time enough to warrant eviction.

@Lorenzo L There are many reasons that investors buy properties like this. 

There have been sweeping changes in L/T laws in NYS in the last 5 years. 

In my Chart of Accounts we list each account separately and then each one is easily listed on my P&L.

I agree with @Nicholas L. and you, that 99 out 100 people who try this won't make daily home runs and won't retire in Bahamas.

Quote from @Nicholas L.: @Max Nathan there is no cash flow anywhere right now on small properties - prices and rates are too high.