Well I guess because it does require real work they have to actually find the deals coordinate the rehab and get them sold..

Due to it's age I'm not sure if it can actually be moved.

@Felicia NituIn addition if you actually want to realize that value, you need to count another 5% for selling costs, and the taxes from the sale.Assuming a 20% capital gains tax, your total ROI on the above scenario would be about 12%, even with the numbers you were using. 

In many cases - properties sell for MORE if there is a vacant unit (especially if it's ready to rent) as you can market the property based off market rents as opposed to lower, inplace actual rents. 

MetLife was actually even more affordable in VT.

It also scrapes MLS for properties sitting 90+ days and reaches out to sellers who might be open to creative financing.Another big one: it sends out offers in bulk, tracks responses, and helps me focus on the ones that actually move forward.

@Joe Michaels, What a lot of investors will do is to use the 1031 exchange as @Michael Plaks said, isto actually "acquire" additional depreciable basis. 

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

Other than that, the NMLS specifies no restrictions on the matter. not sure its NMLS who actually regulates it NMLS is just licensing registration I think its still the states that regulate..thats why you need  a MLO in a certain state then register with NMLS if you have a MLO..

Yes, they are actually selling individual units as well