These purchases are often times part of a investors retirement plan, supplemental income, etc. 

If you are wanting to supplement your income with rental income more immediately then I think this would be the way to go.

If you are in a coastal area....or places like GA....you need to have it.Owners child has had numerous allergic reactions inside the home.....at least now they know the source.  

The scope of work is the drafting of a petition and possibly a supplement to that petition, attending at least one hearing, drafting (hopefully) an order transferring the property into the trust, and then ensuring that a certified copy of the order is recorded. 

Know your ag requirements around there....do the cattle need 1-5-10-50 acres around there to survive without supplemental feed. 

I am finding a declining response rate with each supplemental letter I send.

Louis,The big value add players refi (if they are using a variable rate loan) or obtain a supplemental loan (if they have a nice fixed rate in play) to pull out cash as soon as the property renovations are completed.  

I am looking for mostly a passive income stream to supplement my other income sources.

I will be focussing in western Colorado, and plan to work as an agent for supplemental income.

Mark's article was also a nice supplement here and is appreciated.