I find I can shave off 2 weeks by posting daily on classified ads etc.

There were a lot of hurdles, as it was classified as a condotel that I needed to have reclassified, and a few other weird hoops I had to jump through, but at the end of the day I actually pulled out more money than I put in to the first condo to pay for the second, and now I have two very high performing condos using my original 235k.  

So I was looking through the classifieds section here.I found two properties for sale that are currently being rented. 

Finding Sellers: I find my sellers by searching the classified ads and the FSBO sites.

Should any tenets, their guest or anyone on the property to sustain any injuries and the property is owned in the investors name only, their personal assets are at risk.Tax Benefits – From a tax perspective, any LLC formed with two or more members is classified as a “Pass-Through Company”.

I forgot to add...I am using an iPad...and am unable to see all the different categories in which to post this message.If this post would better fit a different category...please feel free to repost it there or re-classify the post to better serve the BP forums. 

@Steve R.Most residential real estate agents are not going to be out scouting for ugly houses ... if one is dropped in their lap, they may bring it to you - or to an agent in their office who is willing to deal with it.You have a far bigger chance of finding your own: read the local classifieds and your provinces version of the Royal Gazette for foreclosure/mortgage/tax sale announcements; lace-up your runners and get in a morning 5-miler around the neighbourhoods of interest; talk to the postal carriers, etc.

Re: the 30%, if your condo is classified as a condotel, that the standard down for a portfolio loan with a higher rate held on the books by local banks. 

I wouldn't classify the area a war zone, sure they have assaults, robberies, a homicide here or there but overall nothing crazy.

The South Carolina Constitution allows all Real Property and Mobile Homes (excluding manufacturers, utilities or railroad properties) to be classified with a 6% assessment ratio.