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

Just make sure you let your accountant know how to classify the money.

If you’re low on funds use free online classified ad sites like Craigslist to find motivated sellers.

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”.

@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 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. 

You may want to also post under the Classifieds forum and advertise your services for any Ohio MF buyers, syndicators, etc.Before doing that though, suggest you really self-analyze:1) What speficially is your experience in?

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.

When dealing with personal living spaces, distinction between residential and commercial arises from a definition by {I believe} HUD in the U.S.A. and CMHC in Canada that classifies 1-4 family properties as residential (attached or detached).