I'm offended that nobody included me in in this conversation.

@Jonathan Klemm thank you for including me! 

Our current mortgage terms include a late fee after 5 days, so they’re already paying extra each month and have to split the total monthly payment up between 2-3 payments when they get their pay check.

@Quan Pham have you investigated at all the potential increases in property taxes and home insurance (need to have landlord policy) and included them in your cashflow calcluations?

However I have done them in multiple States including Pennsylvania and South Carolina, and what I can say is that it is a tool in your tool belt. when you come across a deal that makes sense to make this type of offer you can do it. the laws in your state make it difficult for you to do these types of deals I suggest either don't do them or pick a virtual market in which you can do these types of deals.

Alternatives include seller financing, a lease option, or using an LLC or trust to structure the deal while maintaining tax benefits.

It included 25 mobile homes, 60 self-storage units, and four commercial tenants.

The deal sounded good at the beginning but thought it included his fee and it didn't so he's tacking on his 20% on every bill. 

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

Shelby Park is getting a facelift from many investors (myself included) and Smoketown is the next neighborhood in line if you're looking for an affordable price point with future growth.