See what OTR ADOPT in Cincinnati has done with acquiring vacant and abandoned properties through receivership.

Property Management business- created after acquiring about 20 properties.

How practical is acquiring land to dev mini home/1-2 Bedroom functional home? 

Since I'm paying cash up front I could realistically acquire 50 units across 2 or 3 properties within a 10mi radius.

I bought a SFH in Canton Ohio last year with the goal of making it a MTR due to the location (STR is NOT an option due to regulations but it is close to various hospitals) and the 4-car garage (makes for a lot of options).Long story short is I quickly acquired 2 other properties right after and spent all my focus setting these 2 properties up for doing the STR loophole for tax purposes (which was a complete success!). 

The numbers continue to make sense on this it’s just now a matter of how long do I allow the litigation to draw out (still acquiring those attorney fees) before just moving on.     

I'm acquiring 3 cabins on a piece of land in the Finger Lakes. 

It normally takes 4-6 weeks for a W-7 to be processed by the IRS.Here is a link to the IRS website, listing Certified Acceptance Agents by Country:IRS Certified Acceptance AgentsUpon receiving an ITIN number from the IRS, a copy of the IRS letter showing the new Individual Taxpayer Identification Number (ITIN) must be sent to LPM.Note: LPM will not manage rental property for foreign owners who refuse to acquire an ITIN number.Form W-8ECIThe Internal Revenue Service (IRS) requires property managers to withhold 30% of gross rents to ensure foreigner investors will file a tax return at year end.

I just acquired a duplex in Grandview, MO and it's unbelievable seeing property taxes rise 2X from 2022 to 2023 due to higher assessments.

Initially I wanted to acquire 20 rentals, but now I believe 10 would be a great number for me.