Richfield has been undergoing big upgrades - I would wager there will be another mass transit line going there in the next 10 years, and any western suburbs seem to be always very attractive to live.

I think your plan will still be solid in the long term, LV is much cheaper than LA from a cost of living standpoint, plus I'd wager your commute will be much better. 

The chances of them doing a short sale for someone who can afford the payments is between slim and none, and I'd take a wager it would be none.The better option is for the owner to sell the house to you on Seller Financing or Subject To.

People are looking for change, not a ton of rentals available and I'd wager things will stay steady as we head into the summer.If you're willing to take such a large discount to fill vacancy do some math and find a lower monthly price to really set yourself apart as a plan b.What I wouldn't want is a tenant who can't pay rent feel like there stuck in your unit because they can't afford to pay a penalty.

My gut tells me that, if you parlay that extra cash into a bigger rental (multifamily, for instance) that still meets your 2% rule, you'd want to sell and reallocate.

As a result, I am looking to parlay the income I do make from it and put it into more passive means of generating wealth.Therefore, my plan at the moment is to take the money I'm making from my business and throw most of it into income-generating property.

@Ben Ley@Ben Leybovich undefinedYour course is great value, and I would wager every licensed agent with a minimum of 5 years seasoning and reasonable production (say 100 transactions) would fail a simple test of its principles.Ben I think you should raise your price to $495.I tell any multi investor they need Ben's course to enjoy faster success.I HAVE NO COMPENSATION DUE TO THIS COMMENT.

I can't wait to parlay all of that knowledge into action when I get older.

In 3 years time I parlayed that 12.00 hat ( which I got back from the disgruntled customer) into a 2.5 million dollar ultra custom hat making empire and now have a master hatter wife as well.

They know LLs might favor wager earners over those getting aid or SSI.