Of course, your opinion is just as valid as mine, and if it works for you, that's all well and good.True, you definitely do NOT want to give up a 3% loan....BUT there are numerous CREATIVE ways to build net worth FASTER than hold and reinvest cash flow.  

The members of my group have taken courses such as these to generate profit from raw land investing.

Of course my buyers are ALL owner occ's so different product and different buyer but probably more demanding than the investment buyer who is buying a basic rental house.

And of course, I should note that I'm not an attorney so don't take any legal advice from what I say.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Desirables: 8 min walk to trains to NYC and 2 parking spaces.I feel the property was not built well and future leaks are inevitable. 

Which of course also means people with access to low cost capital already. 

We should not be trying to piece something together after the fact, but rather:  Ethics should be front and center in everyone's mind and training in everyday life. 

No, of course not - many red regions will outperform blue ones over the long-term.

But of course we are very particular so most would not qualify anyway..