For "little fish" with just a few million to invest,  they seem far better than buying one or a few NNN properties, which puts all of your eggs in one or a few baskets.   

You should pray no one sues you, with all your eggs in one basket, you are risking a pettifogging shyster taking you down for much of what you owe.Also, in CA, its $800 to file the paperwork for a LLC, regardless if you make a dime, and $800 a year extra, so CA is the last place to set up multiple LLC's for lower end properties.Good luck there Jason!

You'll be dealing with them for a month and enjoying the fruits of that effort for the rest of your life- no pain, no gain!

I work for a hard money lender her, and while it is certainly fruitful for the owners it's not necessarily the easiest to find qualified clients.Like anything else, it is a grind, but I happen to like it.That said, the rates are being pressed downward as the competition is fierce

There are other areas of RI that may prove fruitful for you as well. 

I learn to make adjustments to the way I shoot until I can make into in the basket.

You will always be in a better position by living off of the fruits of the tree, and not the tree itself.

Is it also really wise to put all of your eggs in one basket?

And there's more than enough low-hanging fruit Sending properties here to exceed my wildest dreams, so I only have to understand the local program/market conditions.

Is it not economically viable or do people just put this in the too hard basket when faced with hiring attorneys, expeditors, architects etc in NYC.I'm interested to hear from anyone that has experience with real estate law experts in NYC that have voiced their opinion.