I kind of like the idea of wholesaling out of state leads, however, with subj to i would be VERY careful who you sell those to. 

Security deposit will take care of the last month of unpaid rent, but I'm considering filing a small claims court lawsuit to get a judgement for recoverable damages.

All the IRS cares is that the taxpayer is the same. 

Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.

(With commercial properties, they won't care.) 

Care to share?

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

@David OhCreating a profit-sharing program is a great way to align employee goals with the company’s success, but it’s crucial to design it carefully.

No one will care more about your success then you.

@Nick Henry this also comes down to how much time you have available and how much effort you are able to put into purchasing a home or building and doing renovations and then finding quality residents to live and take care of your asset.