Hmm... buying personal residence is always a little tricky becasue IMHO it is not purely a "business decision" and there is some emotion there which tends to make financial decisions more difficult. 

If you don't put anything into a wholesale, any amount you get back will be pure profit.

Wouldn't your Offer be the same, based purely on your calculated good investment numbers (which should already take into account any amounts their Bank and County are breathing down their neck for)?

They don't have to worry about tenants, property managers, service calls, etc.The beauty of apartment buildings is that the value is purely calculated on how well the business does.  

Also please note - the LLC's are purely for liability purposes, not for any kind of tax breaks.

The deal I have now is purely based on exactly that.

Granted, there are pros and cons to both of these structures in business and most organizations do not fall purely in one camp or the other.

I guess everyone of us believe that our own backyard is the Holy Grail which is Crash Proof. lol.In all seriousness, I like your goal of increasing your networth by $250k / year from pure appreication as this is what the top 5% Silicon Valley household makes per year.Originally posted by Account Closed:I really want to be a smart a$$ and call out those, who said the net worth figure is worthless, are clueless.

If you are purely looking for cash flow then I would stay away from condos due to the HOA.

Then, I started buying pure rentals in nicer neighborhoods where I wanted to live that were under priced or needed work.