If the property is stabilized and there isn't a value-add play then what a lot of the other contributors are saying is likely true - buyers may be over paying or it is a competitive marketplace where demand for investments is high and returns are squeezed as a result.

You need capital for playing the real estate game.

If you are interested in grabbing coffee and practicing role play scenarios, please let me know.   

@Adrienne Markes I say let it play and call the city/HUD to start research on.

You know your expenses and predict your rents and occupancy rates you can play with and fluctuate.

I'll update this thread as things play out for anyone curious.  

I’ve been playing around with that.

From my understanding, the benefits of having an LLC are going to come into play most often for structuring partnership deals and litigation arising from issues on the property.

This is a long term play.

Other investors just want something they can plug and play and start getting the cash flow.In most cases, the turn-key company will be able to do the rehab at a lower cost.