Don't invest in a market if you can't find a quality PM!

One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.  

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

I had a similar idea (having one of the mortgage brokers I know underwrite any prospective buyers.

My underwriting would have this large negative cash flow for 7 years.I would do a thorough underwriting but want to show using quick math the issue so I will use the 50% rule.  

One thing I’m trying to figure out is how to find good locations where property prices are relatively low, but rental demand is high.How do you identify these areas?

You can still easily find the 1% rule and positive cash flow and there's amazing appreciation potential.

Think Good Deals Are Hard to Find?

Did you find out why the seller wanted to back out?

Purchase price: $515,000 Cash invested: $960,000 Sale price: $1,850,000 New Construction development, What made you interested in investing in this type of deal?