This leads to lots of old buildings not being repurposed with blight that typically leads to high crime takeovers for an area.

Here’s an overview of the deal 👇// 16 year owner // 100% classic units// 33 units in Indianapolis// Avg rent was $400 below marketThe letter cost $1.

This is a classic case of stepping over dollars to save pennies.

Classic CPA answer 😛 but it is in fact true.

However you do have the opportunity to look at a 1031 exchange which would indefinitely defer all of the tax on that $240K gain.Selling one larger property to use the proceeds to purchase several smaller properties is a classic 1031 strategy called a diversification exchange. 

Matt, If you are looking at historically built properties such as your classic bungalows, 2-flat and 3-flats in Chicago, many of those properties were built well before the modern zoning code was established.

Another great option for you would be to find some commercial properties you could repurpose to affordable housing that could generate some very good cash flow.

I was trying to explore some of these ideas when I dived into the history of property search in a blog post I published, but I'm curious to hear more thoughts from the community here.That idea is too classic LOL Actually in the other thread I am asking similar tone.Here's my idea :1.

We have done this in all of the classic ways: driving for dollars, post cards, skip-traced phone numbers and cold calls, networking with local wholesalers, referrals and word of mouth, etc. 

This is a classic list it on the MLS, sell and move on with your life.