we just passed on a deal in columbus that was 17 acres for 20k an acre in a town within 30 minutes of here for 300k because the seller wouldn't' allow us to do entitlement times.

@Deshen TangDo you want to be in control and more active, or completely passive? 

@Saurabh Patel most important - take control of your property and the tenant!

If done this way, the investor could use this as a powerful tax strategy to spread the taxable event over years, lowering the effective tax rate faced from the taxable events.I have heard professionals compare it to an installment agreement, but with more control.

I recently went into a 50/50 LLC with a college friend to buy our first property in the college town we attended.

It’s an ideal approach if you’re focused on minimizing risk and maximizing control over your investment.

Note: These are suburban buildings but in highly desirable towns with close proximity to downtown Chicago.

This strategy requires careful planning, from evaluating potential properties to ensuring that your rehab costs don’t spiral out of control.

My wife and I moved to town about 5 years ago and have really enjoyed living and investing here in BCS. 

Any thoughts on Bloomfield, NJ or other towns that could appreciate well and have or lead to positive cash flow?