I suspect if you put the time and energy into building a real estate sales career that might be more fruitful.. especially in Seattle were the price points are so high.. and its something if you get good at you can do for a lifetime.. and make some darn good money along the way..

However he would kind of act like a tour guide giving a Saturday morning presentation on what to do on Maui with donuts coffee juice fruit etc. he used his own money for it. 

Doug has a point that any seller can become motivated over time, however, it doesn't hurt to start with the low hanging fruit when "motivated sellers" are used as a marketing tool on certain listings.

I also talked with him and he wants to work out a deal where I manage the entire park for him for 15% of the gross income ($469K last year), and convert all the park owned to tenant owned homes (he wants to do this).The $5k/month with the actual land owners (also 75 years old) wouldn’t start until the current land-lease is up, so my expenses for the next 7 years would be zero, I’d essentially be managing & improving the park that I’ll eventually own.If I went for this deal, my plan would be:Get it under contract with actual land owner, air-tight where he nor his heirs can back out of the dealThen get a deal worked out with the current lessee to manage his park for 10-15%Convert all homes to rent-to-own (rent credit, etc)Gradually raise rents to marketThe fruits of my labor won’t come into effect for 7 years, but then I’ll be cashflowing like a beast for the next 20 years since $5K/month won’t even be 1/3rd of what actual bank financing would cost.

im talking mostly about new units that im buying  , and most of the times there's no 'juice ' left in deals . due to the high taxes and increase in prices most of the times ,  after expenses (mortgage , insurance , HOA fee , taxes)you break even (without variables) or make a small percentage in profit .  

I hope you trip to Pueblo was fruitful. 

Clean it up, push up rents a bit, fix some low hanging operational fruit, get it appraised again in 6 months. 

It was $2.1, I put in $400k, it was appraised 2 months after I bought it for $3.5m and I got a loan that exceeded my purchase price + upgrades.)Normally the value add is very low hanging fruit stuff. 

There doesn't seem to be a lot of low-hanging fruit right now.I believe this is more of a long term program of understanding real estate as a whole, finding and analyzing deals, and making investments when it's profitable.I love the podcasts and educational materials here on biggerpockets.com and look forward to learning and taking action for a long time.

Additional cash flow, opportunity to meet and work with more investors, etc.Knowing full well, it's a lot of squeezing for not very much juice, especially early on, lots of work, systems needing to be created, headaches of tenants, etc.Does anyone care to share if they started a property management or reasons they chose to not?