I pass by a vacant house everyday.

I'd personally pass on this deal, the return on investment (ROI) wouldn't be high enough in my opinion. 

Good stuff Ya thats what made it hard to pass up.

If they try and back out and the closing date in the contract passes and they haven't performed, the title company has now satisfied their requirements to release that earnest money.

In general people want their feelings stoked and entertainment.

Perhaps they would entertain it as part of the deal as a cashflowing rental for them?

I joined bigger pockets a while back but had to focus on paying my way through school and passing a dual major in Chemical Engineering and Paper Science Engineering.

Just don't give them a pass on diligence recon.

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

I'm guessing if Buildium and Appfolio are like every other cloud service out there the issue isn't so much the cost (some can be passed through to the owners) but the training cycle on it.