@Cheryl Vargas no problem, thanks for the response. 

@Jason Kahan To perform a 1031 exchange, the ownership structure is crucial.

Hey @Rene HosmanAs a NYC broker, I can tell you that zoning knowledge is absolutely crucial for spotting opportunities, especially in urban markets. 

Hi, I'm just now seeing your post and I apologize for the late response, Thank you very much for the great tip and I appreciate you for that.

@Charwak Gummalla, more clear details of your plan might get you more responses. 1.

Motivation is an emotional response to a circumstance, not the circumstance itself.Although the sensible solution to the circumstance of being in foreclosure let's say, is to sell their house, the reality is that the emotional response to being in such a situation is to find ways to keep their house, not sell it.So ibn order to find motivated SELLERS, you need to first understand what a motivated seller is.A motivated seller is not someone that wants to needs to or even has to sell their house.

Document the change in your policy and be clear about the new criteria in your advertising or initial responses to interested renters.

If you're not getting any responses, then it's priced too high. 

Thank you so much for your response and your helpful tip, I will definitely narrow down my search for turnkey property.

I’ve received a number of responses from investors essentially stating that they use a simple buy/rent/hold approach in small residential properties, and have accumulated net worths in the 1 - 3 million $ range starting with just one mortgaged SFR.