Maybe on your larger-scale acquisitions you can translate that to the seller feeling like he or she is helping out your investors.

Translated:  Better cash flow than a SFH, easier to rent in a real estate downturn, better tenant quality than a 4 plex and appreciation is viewed as icing on the cake as I don't plan on selling in the short term.  

Those of us with portfolios in previously non-RC areas upstate now all of sudden are slapped with a yoke around our necks and become unwilling participants to the socialism we try and avoid by purchasing north of the Tappan Zee.The way I see it, any little town is just one Democratic mayor and a small activist group away from permanently altering the livelihoods of their landlords.

In other words, will owning and operating smaller family homes translate into the larger multi families or is it a completely different game?

This translates into serious incremental return.

The laws are changing regarding this for purchases and LLC created over the last couple years, so the middle step of the Land Trust is not longer required to avoid the Due on Sale Clause - as long as they dont change the laws again.Land trusts were used for a long time in this capacity and have not been altered, so I personally still utilize them to avoid all the changes that keep happening with those loans.

The building would essentially bring in another $3000 a month which translated to probably $1k cash flow.

Here is the entire report.......shows that 49,059 U.S. single family homes and condos were flipped in the first quarter of 2019, down 2 percent from the previous quarter and down 8 percent from a year ago to a three-year low.The 49,059 homes flipped in the first quarter represented 7.2 percent of all home sales during the quarter, up from 5.9 percent in the previous quarter and up from 6.7 percent a year ago — the highest home flipping rate since Q1 2010.Homes flipped in Q1 2019 sold at an average gross profit of $60,000, down from an average gross flipping profit of $62,000 in the previous quarter and down from $68,000 in Q1 2018 to the lowest average gross flipping profit since Q1 2016.....The average gross flipping profit of $60,000 in Q1 2019 translated into an average 38.7 percent return on investment compared to the original acquisition price, down from a 42.5 percent average gross flipping ROI in Q4 2018 and down from an average gross flipping ROI of 48.6 percent in Q1 2018 to the lowest level since Q3 2011 — a nearly eight-year low.

Suggest you work with a discounted realtor who will do it for less and save your high cost of hanging a license that does not translate to any dough. 

We realize that $70k will not get into us the best neighborhood, but it will get us within a few miles of UMKC, which I HOPE translates into a better neighborhood and maybe some appreciation down the line.