I asked a few title companies in my area (Greenville, SC) and they told me that it's illegal to wholesale properties for the simple fact that if I didn't actually "buy" the property myself I can't turn around? and sel...

I want them to point out issues that may be a health hazard or a long-term repair that may need to be addressed. - Paperwork: I prefer inspectors who provide their report and suggestions in a nice organized folder.

While you might be constrained to stocks and bonds by your 401k plan at work, other than a relatively few prohibited investments such as insurance and art, I’m not aware of any after tax investments you can make that you can’t also shelter behind a self-directed retirement plan.All of this assumes you don’t need the money soon, say for health reasons, but you didn’t say that.

If you want us to value the deal, we need to know what you expect, 11K at 10% is 110K but what contributions do you need to make that, you don't get 100% financing.Here is something to consider with retiring landlords, if they are in good health, seller finance it or much of it.

Sounds like the seller is in failing health and needs someone to work on his investment to turn it around.

Of course, with this being said I just realized that a have a buddy of a large health company who does lots of investing that could probably help me out with that one....

We had the same dilemma and chose an umbrella policy on top of rental insurance - read about it here on bp so there are already some good forum discussions about this topic I think.

(My health has also prevented me from attending since-and they know this.)

No matter how great the property manager is, if there is only one, a car accident, health problems, family emergencies, etc., doesn't just hurt them, but all their clients as well.

Perhaps mold you saw actually caused a health problem and city officials declared it unfit for human habitation due to that.