It has been partially demolished and they are adding a host of unsightly industrial bldgs comparable to an Oil Refinery.  

I think only 20 spots is way too small to be worthwhile.

She may not want to spend her nights and weekends driving around with investors-- she has been in the business a long time (let's face it we aren't a cushy commission slam dunk) but if you tell her I sent you her way she will definitely give you an industry insider's opinion of who to work with. 

Hello! Anyone have any thoughts on Alabama as a potential market? I know it is landlord friendly, low tax rates, affordable... Any insight?TIA

This step ensures compliance with local regulations.From my experience, when I had an STR in Cleveland, I only did the regular rental registration, so make sure you complete both registrations to avoid any issues.Cleveland is a popular spot for STRs, especially for visitors coming for sporting events and medical purposes.

Both their responses are spot on and better than I could articulate. 

This area is also known for its abundance of coffee shops, brunch spots and European dining venues.11106 Zip CodeAstoria’s southern most section had the least amount of 2-family properties listed over the first half of the year with just 7 new duplexes.

'Passive income' is really overused in the real estate industry.

I did mine when I was in the timber industry.. it was common for me to log a property then sell said property to buyer on contract.. but they had to go through the building permit process and in Oregon that can take a year or two.. so I would sell on contract.. then take my contract to my trusty commercial banker and hypothecate it..

@Ted Akers  yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes   until it does not  LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...