They say a system is good for 15 years, I guess I got my moneis worth.

I'd say as long as it ends up being a 50/50 split in money out of your pocket and labor/materials on the GC side, I think that could work.

I can say as a mortgage holder that the foreclosure laws in NY are so much of a pain in the behind for us as mortgage holders that our firm avoids the State all together.

Another hack of mine is if I get a complaint from a neighbor about a tenant, say a loud party, I call the neighbor on the OTHER side and begin to apologize profusely.

Just think that if you are in say a 35% tax bracket then you'll essentially be taxed 45% on the money you take out.

The ones I know work very hard and have good earnings.The ones who rent, they are struggling for the most part, but not all.I will say a lot of the Millennials can be described as out of towners who wanted to see a better world and be where the hipsters are.

I have buyers that say as long as they make 25k minimum they will take it and they use cash not hard money.

If I have 100k in stocks and your taking your dividend payment at lets say a very high dividend payout of roughly 4 percent a year from a reputable company like chevron, you're dividends would create $4000 a year I'm sure many of us can attest to having a higher cash flow than 4k a year especially if you can find a property under value with today's low interest rates, in the many available hot renting markets. 

Say a journeyman has 4 years of training, would you with a BS degree work for 20k a year, I think not.

I would say a developer is a better deal to demo and build, hire one instead of partnering, for your property value, i have no idea on how to value it.