Sounds extreme, sure, but everything else we tried before it didn't work and you can't give anyone a free pass to steal. 

Location Location Location is extremely important.   

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

When i started out the hardmoney mastermind with Jason Balin and Chris Haddon was extremely useful.

I know such sale would trigger transfer tax and stamp duty tax but I think the eventual capital gain tax down the road is probably more to offset. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Increasing the rent that much will trigger vacancies. 

In the case of new construction, it is extremely common for both surface and real yields to be less than 10%.

Finally, while on rare occasions real property does change hands a an extreme discount to market value, in the vast majority of the time a buyer, especially one without much experience thinks they’ve stump;ed across the “deal of the century”, they’ve mispriced the actual value because of something not readily apparent hasn’t been considered.