IF we don't start producing products here and importing less and creating jobs it will go down.

Marketing to probate and obituaries can be a wonderful opportunity to investors but for me the key to success is to avoid dealing with the issues of death and to stick to the issues of dealing with the property.I start my marketing with obituaries followed with probate filings and find it just another effective way to acquire property.Short of courthouse research you can go to your local library and go to the reference department and research using what is called a Polk City directory that will list if the deceased party owns real estate.I use a simple letter that has produced great response as follows:This is the letter that I use.DearI am looking at purchasing several properties at and around ________________________(property address) and would like to talk to you about the purchase of ________________________(property address) if you would be interested in selling.Thank you for your time and you can reach me at ( )______ - ______________.Sincerely, John MichaelDid you know that;*Having a will guarantees that your estate will go through probate?

This has produced activity but the signs are the most effective.

So if value based on comparable sales produces a lower number than value based on income, then that lower appraised number will be what the lender goes by.

As some other members have indicated, real estate in the US is driven by local demand and supply so therefore for most markets should do well as long as the economy continues to produce jobs.  

The MLS listing states that the one in Rosamond is currently producing $2500/Mo.

I'm just trying to acquire income producing assets that I can add to my retirement pay to cover my monthly expenditures.

Harry, always got to steal my thunder...Just kidding.I'm a seasoned investor and at the minimum, it helps me gauge my rehab estimates and play a conservative approach if the prices are higher than normal.Not to mention, knowing I could produce the labor and material costs at a much more reasonable discount.I too find it Super useful!

You still may be liable for NC depending on how and where the income is being produced, a good tax prepared has ways. http://www.borelassociates.com/topics/Series_LLC_in_Business_Planning.pdf http://www.matnsorensen.com/utilizing-multiple-llcs-a-new-series-llc-state/ LLC is new to REI it will be interesting to watch history unfold, not here on BP, in courts across the country.

The tricky bit is in the market where our STR is located, the demand for management and good people exceeds supply so lots of people produce mediocre work.