At the same time, there is still an opioid epidemic and covid/lockdowns has done a ton of damage to mental health (more drug use which leads to more homelessness).

When it came to paying first months rent these tenants drug their feet until the 9th of the month saying they had issues with their bank linking to apartments.com.

Odds are good if they ended up in a recovery program because a drug or alcohol problem was serious.

Further research revealed that 3 properties on the same block as the second property were under an abatement ordered by the police and city attorney, due to many tenants being involved in drug sales and gangs.

In this case you may be best served by investment through your self directed retirement account, or a trust, or even in your personal name.If on the other hand you intend to operate as a dealer in notes, or have outside investors providing capital, or enter into loan origination, you would probably want to form an LLC or even a Series LLC.

You wouldn't just hand a wad of cash to a guy to go down to the car dealer and pick you out a car; you'd visit the dealership, hopefully test drive the car, look up the values in Kelly Blue book, maybe let your mechanic look it over, make sure they gave you a valid title without liens, etc.

Easier for you to do the specs above, then ask for a quote from an actual dealer versus anyone here.  100 x 300 I have $880,000 and $1.5mm estimates for a project we are doing.9.

The challenge is that a good percentage of the homeless population is mentally ill or addicted to drugs.

But they’re one of the “no dealer, no sales” states.

Drug abuse issues too.