I would be very skeptical of the capabilities of a professional who would solely rely on Zillow to form their purchase decisions.Thanks for posting this.

No getting around their rules as they run a tight, but slow ship.

For a 40-60 unit, I would get 2 tenants to be your caretakers and give them some money off of rent or possibly free rent depending on how capable they are.

@Sean Cole  its regional for sure.. the ones I had in MS and AL  feed us the deals.. but lots of deals there ... its funny as we talk about this.. some parts of the country there are still plenty of deals others its very tight the deal ship has sailed and its basically pre 07 market.. one size does not fit all.in Oregon we have little to no OREO inventory anymore all those agents that specialized in it are out of business and back to doing regular real estate.. the foreclosures at court house that were 20 to 50 a week are down to 3 or 4.. with MASSIVE competition.. it all cycles that's for sure.. but I bet you can still roll into certain big cities and buy hang over inventory..

In between those are some diamond buyers that are capable and pleasant to deal with.

Then your property becomes neglected and a pain and you end up selling to someone who knows how to run a tighter ship and knows how to get your asset to perform properly.

Once you are capable of doing deals all cash with no contingencies, you'll have a better chance, but let that happen when it does. 

That should be well within what a tenant is capable of doing, unless you prefer:How many tenants does it take to change a light bulb?

The following elements must be proved before it is considered placed in service: 1) Readiness.2) Availability.3) Capability to perform its intended function.Advertising it before actually meeting these do not help you.

Has anyone jumped ship from their 9-5 and realized it was a horrible mistake or think they could have held onto a W2 for a little longer?