Some of those groups have THOUSANDS of members.  

Costs a fraction of the funds compared to hiring a cold call agency.

What type of properties are these and what do you mean by it not being "cost-effective" for you?

Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost.

Don't forget, you’re going to be out 10%+ in closing costs so you’ll walk with zero cash and pin your hopes on them paying you 20-30 years from now if that’s all they put down. 

It appraised for $201,000 and I put $103,000 in my pocket after closing costs and previous mortgage payoff. 

@Juan Antonio Villagomez If you're new to rental property taxes, your approach should balance cost, compliance, and tax savings.

Hey @Tori Rhodes - As a builder myself here in Chicago that is a question I hear often.Before looking into your loan options, I'd look long and hard at the cost of land and construction in your Grand Rapids area. 

Once you go with a minimum 6 month lease your turnover costs, potential damage, make ready costs, repainting and repair costs, all go down dramatically.  

That’s a small fraction of what all that would cost in my market.