We repeatedly explained that it’s not done that way in New York State: here, you send in your articles of organization to a state office and they send back a letter with a state seal acknowledging they received the documents.

In most areas in San Diego, that is condos, town houses, etcWith that budget, I would be leery of recommending San Diego.

I paid the first $5K but started having second thoughts because of high vacancy rates in the area.

@Jonathan Greene @Jay Hinrichs @Nicholas L. short sales are almost always done through RE agents and are a major pain the butt if the lender servicer wont respond in a timely fashion.Pre foreclosure you dont use and agent but if your talking NY I think and not totally sure but I think only an attorney can draft the Deed transfering title .

Plus, right now in the Bay Area they are paying top rent.

Each potential buyer has come to their own conclusion that it would be too much hassle and risk to manage in this fashion vs a traditional rental even though the average cap rate in our area has been half that at best.

There are very good REIAs in the Westchester area.

While a substantial profit can be made purchasing below “market price” these types transactions deals are a rarity.  

They are a more local and relatable example. 

I have some family ties to the area.