I have also purchased resid. and comm. properties where the landlording/property management was really poor. 

Multifamily is the most common one, but some groups also do self-storage facilities, student housing, commercial properties, and others.3. 

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

Do you self-manage?

The project was managed by one of my property managers for a 10% fee.Leasing and Property ManagementWith renovations complete, the property was ready to be leased.

Ensure you thoroughly evaluate the lease terms and have a strategy to manage potential delays in finding a buyer.Best regards, Stevan

And I seriously doubt any non profits are money laundering, but then again neither is Joe the Barber LLC or Betty's Property Management LLC (which, especially if they are Single Member LLC's--which flow to the 1040 without any tax return for the entity--are already identified to the government computers at the IRS.If you want to swim with the big fish you have to get wet.Maybe the resident agents will offer to fill this out as a service for $50 to $100 (???)

So you have to have a great property and manage it well.

However, this may also affect returns and management burden.

They are investors as well and have good contacts in most markets they sell properties in, insurance, property management, etc.