Worth $615 (average), so possibly $30K return on $585K investment, IF you can find someone willing to spend $615 plus closing costs for the privilege of renting to the poor.Do the math.

Hi @charles worth I currently live in NYC and slowly investing out of state (I'm investing in Philly) States have different rules and fees regarding their legal entities (for example, Philly has a Business Privilege Tax of $300 upon formation.)

I never bought a property with renters especially  under section 8, and what I am afraid is that since they are under section 8 they special privileges under the government.

Such powersshall include, without limitation, the power to:(a) Expend Limited LiabilityCompany funds in connection with the operation of the LimitedLiability Company's business or otherwise pursuant to this Agreement;(b) Employ and dismiss fromemployment any and all employees, agents, independent contractors,attorneys and accountants;(c) Prosecute, settle orcompromise all claims against third parties, compromise, settle oraccept judgment on claims against the Limited Liability Company andexecute all documents and make all representations, admissions andwaivers in connection therewith;(d) Borrow money on behalfof the Limited Liability Company from any Person, issue promissorynotes, drafts and other negotiable and non‑negotiableinstruments and evidences of indebtedness, secure payment of theprincipal of any such indebtedness and the interest thereon bymortgage, pledge, property of the Limited Liability Company, whetherat the time owned or thereafter acquired;(e) Hold, receive, mortgage,pledge, lease, transfer, exchange, otherwise dispose of, grantoptions with respect to, and otherwise deal in and exercise allright: powers, privileges and other incidents of ownership orpossession with respect to a property of whatever nature held orowned by, or licensed to, the Limited Liability Company;(f) Lend any of the LimitedLiability Company property with or without ­security;(g) Have and maintain one ormore offices within or without the State of Iowa;(h) Open, maintain and closebank accounts and money market mutual fund accounts, and draw checksand other orders for the payment of monies;(i) Engage accountants,custodians, consultants and attorneys and any and all other agentsand assistants (professional and nonprofessional) and pay suchcompensation in connection with such engagement that the Managerdetermines is appropriate;(j) Maintain such insurancerelating to the business of the Limited Liability Company, and uponsuch terms, as the Manager determines is appropriate;(k) Enter into, execute,make, amend, supplement, acknowledge, deliver and perform any and allcontracts, agreements, licenses, and other instruments, undertakingsand understandings that the Manager determines are necessary,appropriate or incidental to carrying out the business of the LimitedLiability Company.In exercising their powers,the Manager may (i) rely upon and shall be protected in acting orrefraining from acting upon any resolution, certificate, statement,instrument, opinion, report, or document believed by them to begenuine and to have been signed or presented by the proper party orparties; (ii) consult with counsel, accountants, and other expertsselected by them and any opinion of an independent counsel,accountant or expert shall be full and complete authorization andprotection in respect of any action taken or suffered or omitted bythe Manager in good faith and in accordance with such opinion; and(iii) execute any of his powers hereunder or perform any dutieshereunder either directly or by or through agents or attorneys.

The question is more complicated than it seems…if the laws of the state the property is located in do not require licensing for wholesaling, in other words don’t consider wholesaling to be brokering than anyone, including of course a licensee can “wholesale” a property.If the state in question considers wholesaling to require a brokers license, then the licensee of another state can only legally wholesale if the two states share reciprocal licensee privileges (majority of states do not with any other states, some states do with neighboring states). ”Virtual”  has nothing to do with it.  

Purchase price: $10,000 Cash invested: $90,000 Sale price: $185,000 This was a super damaged property that we had the privilege of bringing back to life What made you interested in investing in this type of deal?

I pay about $2-3 grand flat fee for the privilege. 

An estoppel certificate is used to inform a potential buyer of commercial or residential rental property of the rights and privileges of existing tenants.

@Erika ClancyThree words:Attorney client privilege.

As well as being able to transfer my business skills.As with any industry their are certain people that dominate the area and learning from them is a privilege.