However, in my experience, unless the realtor-broker has the resources and skill and time to properly manage the process it doesn't work out.

I agree about the areas but they are already rented to section -8 so apart from routine calls which PM would be handling, I dont have to go there.

It would still work out going either path I think, I mainly want to make sure my time is utilized the best with the overall goal of a bigger rental portfolio.

@Jeff M.try Lima One--based in SC, do business in NC...try Longhorn if Lima doesn't work out.

It's a great idea, as long as the numbers work out. 

Hello. i am looking to build my network with like minded business people all around the country. i am new to the forums to forgive me if this is not the place to be doing this. i am interested in turn key properties, and hard money lenders for the time being. im working 1 current strategy, with a second if the numbers work out well. my current strategy is to purchase properties at 75% of value using a hard money lender, then immediately refinance the property to pay off the HM lender.

I think I can get it from them for 20k, but I might be able to work out a % of my profit at the end and transfer title to me for free.

I was going to do a deal on a property below $50k but it didn't work out.  

I've done ground up development and building, redevelopment, fix/flip, private lending, non performing note workouts, buy/hold rentals, raw land speculating, and probably more if I really thought about all the deals I've done.  

In any case, I put an offer in on a condo following the rule of buying 20% below FMV, and it was countered but still not even close to where I needed it to be for it to work.I researched about 25 properties viewed 4 and put an offer on 1 and it didn't work out.