Are you going to pay your rent, or skip rent and book an Air B&B? 

We acquired the deal mostly for the lot, it’s a B class neighborhood in a growing city, on an excellent street. 

Quote from @Paul B.: There wasn't really anything new in this story.

You simply assign the contract and that buyer closes with his own source of funds.However, there are situations where either you cannot or don't want to assign:CANNOT:Most every REO, HUD, or Short Sale purchase offer contract will be rejected if And/Or Assigns is named in the Buyer field.DON'T WANT:If you have a particularly high profit spread between the A-B and the B-C, your C Buyer many times will not allow it and demand a smaller assignment fee.

The accounting side;An option is to open other accounts in the master's name and give that account a department name, A, B, C, etc.

Most of them quit after a while because (a) they cannot find buyers, (b) they cannot find properties or (c) they cannot find the right margins."

Quote from @Bill B.: Being in an LLC has ZERO tax benefits.

The deals I have seen work are larger 4 units $800k+ in class A/B+ areas mainly as those have less competition and atleast my market noth side chicago they still sell at decent real life cap rates.

@Abdi MuyaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Most stuff you will find for 150k is most likely near to a class c or a low class b.