Dale, This is actually what I was going to propose (talk to someone about buying the portfolio in exchange to giving you the one you want at STEEP discount - I think Sam M. hit it right on the nose.

If so you can look into either forum for help on finding deals infact help just might be under your nose.

Do you mind if we pop in and nose around, press the flesh and just get to know you better.

@Ray SlackBenefit of REPS: deducting rental losses against ordinary income - correctDrawback of REPS: self-employment tax - incorrect, no SE tax on rentals, no matter whatBeing v "not being" REPS - incorrect, it's not a choice, you have to qualify to be eligible to claim itNo loss without mortgages - not necessarily, you may be able to generate large losses via cost segregation and accelerated depreciation

It would likely be very simple for other investors to do a quick search under that zipcode and find the house for that price and snap it up from under your nose.  

I might as well benefit... even if at times I find myself holding my nose.

The quality of tenants where I live has taken a nose dive, so let's just say, I'm well versed in the spicy side of neighborly experiences.  

Yet, she fully understands the need to allow people to keep their money, supports California Prop 13, and loves that she pays property taxes based on 1981 rates while friends back east pay through the nose.

"I made money during a bull market" will come around, look down their nose at you, and tell you how you could have achieved slightly better returns over some arbitrary period of time.I will share with you my experience with turnkey investing. 

Hmm, Maryvale - If Maryvale had been built with an HOA, it would be Arcadia. 3rd generation Phoenicians thumb their noses, old heads remember water problems, while people relocating from NY/LA/Chicago think the crime rates are "cute".